As of today, Bill HR4681 has passed the house and senate, and is currently undergoing arbitration before being sent to the President for his signature in to law. The law says that the intelligence community can collect, retain, and disseminate all electronic communications including voice calls [without any constitutional restrictions] on all US citizens and everyone else in the world. And they have 5 years before they are supposed to destroy the records. However, they can keep them indefinitely if they fall into several categories of interest.
It is all out in the open now. Your 1st, 4th, and 5th Amendment protections are gone. This act gives new meaning to ‘land of the free, home of the brave.’ The intelligence community isn’t doing anything in secret any more. Americans are now living in an environment much like the days of the old Stalinist Soviet Union, where the presumption was that all conversations were monitored and one takes measures to have a ‘private’ conversations.