If you create something and put it on the net it belongs to you.
But some people are thinking about changing that so you don`t own the things you post online and anything that you want to be your own work must be registered through the copyright office.
Most of my work is fan art but I have made a few original deviations that can be sold as print. If this became a law the little guy wouldn`t be able to protect him or herself from others who wants to profit from their art.
Here`a link to a journal with a video that goes more into detail about the subject.
USA: Your copyrights are subject change very soonUPDATE: As multiple people are saying THIS IS NOT A BILL (yet) but rather a proposal/inquiry. However, it is still cause for concern and just because it doesn't matter now in the immediate future, the conversation and discussions to come about it via the government (and no I don't mean like Obama's peeps, it's just a blanket term here) and the copyright office could very well make such laws come into fruition in the future.
The hype over this isn't unwarranted. We've all been spooked before by things like SOPA and other assorted things of that nature. Those were pinned as hoaxes even though they were legit, just not nearly as substantial as people thought.
Although it sounds like some more kind of hokum pokum put out to scare people, this isn't a new set of knives aimed at artists. The same 'Orphaned Works Act' was put before congress 2 times a few years ago and failed/flopped. There's no doubt they're going to attempt the same thing eventually.
And here´s the video itself.
This is not a threat.. yet. And hopefully it won`t be.