This is a law designed to force data centers to be built. This is nothing but a bipartisan corporate handout. Nothing to celebrate. The law makers should be ashamed.
EDIT for the downvoters, from the law:
> Any restrictions placed by the government on the ability to privately own or make use of computational resources for lawful purposes must be limited to those demonstrably necessary and narrowly tailored to fulfill a compelling government interest in public health or safety.
This basically means you can't use government action to stop the building of a data-center.
Maybe some people disagree with governments interfering with this - not saying that’s how I feel but that could be the downvote reason.
Your explanation seems reasonable.