I have a feeling that the EARN IT act will pass based on that it so cleverly disguises it's ability to ban end-to-end encryption... I imagine most elected officials will hear something like this:

Person explaining: "It's establishes a committee to make sure people are using best practices to ensure child pornography etc isn't being distributed on their platforms"

Elected official: "Hmm, it actually sounds like this will help the children!"

Maybe it's just me shrug, but I have little faith in our elected officials to parse out the ramifications to encryption based on how the act is written.