I've only read the linked-to summary, but the second one sounds more-or-less fine. The sort of international IP issues it seems to address are valid trade issues, so I can't see why they shouldn't be accounted for. They shouldn't be given undue weight, obviously, but I really don't think we're going to cut off diplomatic realtions with China over bootlegging textbooks and Harry Potter novels.
Only the "developing country assistance" part seems a bit lame. If we wanted to give a poor nation more favorable trade terms if they respected US copyrights, patents, trademarks, whatever, fine. But this:
building, activities designed to increase awareness of intellectual property rights, and training for officials responsible for enforcing intellectual property rights in the developing country.
will likely end up in a lot of wasted money. As will that first piece of legislation.
-edit for clarity.
