God it's especially woeful having watched the hearing; the industry lobbyists gave the most flimsy counterarguments, and the one that seems to have stuck is that people might use the games for "recreational purposes". Something which we all know is impossible when watching a movie or reading a book.
I will continue to reverse engineer and preserve games without the approval of the copyright holder.
Here's the stream where I watched the hearings live. There was something special about watching enbies making the case for game preservation as I, an enby, worked on preserving a game.
https://www.twitch.tv/videos/2123719903?t=04h04m48s