Here is a video by Stefan detaling it, also Paul Joseph Watson has recently made a video on it.
If this passes it would man that all internet forums/websites have to incorporate some kind of filter to prevent copyrighted material or offensive material from being uploaded.
You would not be able to upload a screen shot of a news webpage for example. Or memes that are deemed "offensive". A filter would block you out from even posting to begin with.
This is why Freedom of Speech is so important. Do not let the EU get their way.
https://www.tomshardware.com/news/eu-censorship-machines-link-tax,37286.html