The bill will ban transactions with foreign companies (in specific instances). Being able to ban (aka regulate) international transactions is nothing like the Patriot Act. The Patriot Act allowed surveillance and secret data collection against US citizens, and made it illegal to notify those being collected against, and all without due process or any kind of warrant, just a letter from the executive branch insisting they needed to collect the data.

If you attempted to bring the government to court to defend your rights, they would simply refuse to admit they collected your information and the court would dismiss the case since there was no way to show harm. There is no way to prevent a financial transaction without revealing that the transaction was prevented, so the cowardly tactics used by the government to avoid scrutiny of the Patriot Act can't be used here.

I would be wary of the comparison between this and the Patriot Act, and I wonder about the motivation of those making it.