Japan has a similar law, due to the huge numbers of men taking illicit "upskirt" pictures of women and posting them.
Oh and by the way, don't you just love the framing of the first paragraph:
Face to face with the worst economic crisis to face the nation in decades, our leaders are hard at work trying to come to America's aid. The latest legislative salvo? A bill that would require cameraphones to make a sound "audible within a reasonable radius of the phone whenever a photograph is taken with the camera in such phone."
"The economy is in the crapper, so that's all you can focus on. Don't bother your pretty little heads with the nasty predators. Silly Congressman!"