Yes.
In terms of your point on expectations, this is what this process is so good for. It fleshes out the details. The clause-by-clause in particular will do much more of that next week.
I'm not a legislator, but it strikes me that, if this bill becomes law, it will be accompanied by a press release and backgrounders online, and it would become clear who it applies to. I think the piece on managing expectations can be tackled whatever the answers to those questions are.