It's easy to look at this issue and over-complicate it by seeing it as more than it is. Most people will agree that it is not fair to the creators of content to have their IP stolen, so something does need to be done. However, if you read SOPA and PIPA in detail you will find that these laws, as they are written, are far too broad and would ultimately be ineffectual. In the long run, it would more than likely, be a nightmare of legislation that would dampen civil liberties in a negative way and indirectly put too much power in the hands of corporate interests. Now, it is possible that not every corporation out there would abuse this power, but it is likely that at least one, if not more, would do so.
If we take a step back from the issue for a brief moment we can evaluate objectively. One of the first things that we can see is that the technology of the internet facilitated the ease with which we can share information in all its myriad forms (stories, music, movies games, etc). It is the root cause of the particular predicament that we are in, because it becomes so easy to take information and share it without consideration of the person that created it. Now, obviously it would be great if we could find a psychological solution in which everyone agrees not to take any form of media or information without paying for it first, but that is probably an unrealistic solution to be striving toward. It would be next to impossible to fight human nature. So, where does that leave us?
I submit the idea that laws will not be able to address this issue. No law that we pass will be adequate enough to either change everyone's behavior or be able to protect Intellectual Property rights properly. Perhaps the solution lies within the very thing that started the mess to begin with, technology itself. What we need is to work on a new DNS system that can effectively tag and track information itself, so that everyone knows exactly where a piece of information comes from and where it is going. In the long run, pure transparency could be the salvation we are seeking. Obviously, it is easy for me to sit here and suggest something that may be very difficult to accomplish, but sometimes the only way to think outside the box, is to get back in the box. I have read somewhere (and it was so long ago I don't remember where) that there are researchers working on a new version of the internet protocol right now that could eventually do exactly this.
Of course, this opens up the possibility of a truly frightening big brother situation when you gaze at it from the surface, because if everyone knew were everyone else was on the web, then your privacy would be violated; however, I am suggesting complete and total transparency. This would also mean that whomever might be watching you, is watched by everyone else too, like a giant internet super-democracy. It may be a pipe-dream, but thinking that a new law created by bureaucrats and politicians that don't really understand the first thing about technology would fix the situation is even more of a pipe-dream. Just my $25 cents...