The UK has a similar surveillance bill being discussed and Sweden already passed theirs. I'm certain there are ones in other countries, though I've not heard of them.
Was talking to a Kiwi the other day. Apparently the NZ pork board can, technically, place surveillance equipment in one's home with basically no process. They've also got a filter with a secret blacklist, are getting China to build them internet infrastructure, and generally making questionable choices.
Not legally and not easily. This will make it so everything you do must be logged for years so that in the event you do something down the road that they don't like or at all think is suspicious they have years of logs of your information to go through and dig up every last bit of dirt. This is the exact opposite of innocent until proven guilty and makes a laughingstock of the legal system.
Would also be an extremely juicy target for malicious types. Governments do have very high security when they want it (I won't insult them unduly on that point), but a database holding years of personal information about every internet user in the USA? That would be one of the biggest targets in the world.
I can imagine other nations trying to get into it, too. Not in any way that could be traced back to them, obviously, but I wouldn't be surprised if a little money disappears from budgets ere and there...
Perhaps I'm just getting a bit paranoid. On the other hand, this hat is shiny!