Could blacking out games get banned?

According to multiple sources, longtime Republican Senator John McCain is attempting to make blacking out games in a team's local area illegal. The bill is called the "Television Consumer Freedom Act" and is already facing heavy resistance from the television industry. 

The bill, if passed, would obviously only make a team who's stadium is funded by taxpayers broadcast their games. While I personally don't expect it to pass, I think it should. It just seems logical that home fans should be able to watch their team's games, doesn't it? I mean, could you imagine an Eagles or Chargers game not being on in Philly or San Diego? No, because common sense says that a team's home market should get it's games.