A draft of a new alternative to SOPA and Protect IP (PIPA) has been released by Congressman Darrell Issa and Senator Ron Wyden.

It’s called the Online Protection & ENforcement of Digital Trade Act or “OPEN”. Clever, huh?

The draft and more information about it is available at KeepTheWebOpen.com.

“The OPEN Act secures two fundamental principles,” it says. “First, Americans have a right to benefit from what they’ve created. And second, Americans have a right to an open internet. Our duty is to protect these rights. That’s why congressional Republicans and Democrats came together to write the OPEN Act. But it’s only a start.”

The site includes the following chart highlighting some differences between OPEN, SOPA and Protect IP:

Eric Goldman also has a nice dissection of it.

The official site also features these three videos from Issa, Wyden and Congressman Jason Chaffetz.

People can sign up to comment and collaborate here.

What are your thoughts about OPEN?