The biggest problem with it would be complexity.
Is complexity inherently bad? This forum has a lot of smart people, ostensibly. There's no reason why they couldn't wrap their heads around a little more bureaucracy. People aren't on a politics forum if they can't handle complexity, in other words.
Well, here's another angle. If I can mock up a well-worded proposal, will some Senators be willing to consider that over what has been presented here? I'm frankly not a fan of terms, at all, and I'd like to see a little more discussion of any alternatives (including mine
).