No regulatory change will make any difference here unless you ban Content ID via new regulations. Google opted out of the DMCA claim-and-takedown system in order to avoid being harassed by big companies like Viacom, the system people are dealing with is broken by design because it's the system Big Media demanded. As a result none of these claims go through legal channels and there is no way to apply legal penalties, all the users consented to this system in the 375th version of the YouTube Clickthrough Terms of Service.