You bought it, you own it. End of story.

Lawsuits are the tool of the business dinosaur

I dont agree with this at all, you buy it you do what you want with it. Now if carriers choose to not allow you to sign up with a jailbroke phone, well they would have the right to do that as well. Just like Microsoft and Sony can refuse you access to their online networks with a jailbroken system. The carriers could essentially make your phone a useless paperweight even without this law, they could just refuse you service.

All my phones have custom ROMs. Google is perfectly fine with this, so I doubt they would have an issue. The carriers would have an issue, but for obvious reasons... they can't control/charge for wifi tethering, things of that nature if you hack your device. Not going to obey the law anyway.

I am a bit confused since the title says Jailbreaking however the OP talks about unlocking phones to work on different carriers?

It's going to get overturned as unconstitutional. You have the right to do with your property as you wish and this law poops on the constitution.

No I was saying: "Sounds about right.  A similar copyrite law was passed here back in July and I had legit dvds held up for a month at customs and opened to boot.  Yet drugs and guns get by fine."  I was at my great aunt's house and they only had I.E. on their computers so I had typed up the response but when I sent it nothing showed.

Edit: I bought these DVDs from rightstuf.

Oh, well we all know that I.E doesn't work all too well on here!

It's a backstep in my opinion. Here in Brazil companies are forbidden to sell blocked phones since july 2012.

OP is misleading.

Jailbreaking / Unlocking are two completely different things.

This isn't regarding Jailbreaking directly.