The INDUCE Act is a bill being pushed through the Senate by Orrin Hatch at the beckoning of the RIAA and MPAA. The bill (S.2560) gives those two trade groups veto power over new technologies on the grounds that they could conceivably be used to work around current copyright law, and that these groups should be trusted to judge what is and what isn't potentially a copyright violation.
If you are a Texas resident, click NOW (that's immediately) to contact John Cornyn via email here. Let him know that you're a constituent and you want the passage of S.2560 blocked. If you're a musician, let him know also that not all musicians agree with the copyright practices of the RIAA. The same goes for amateur filmmakers.
Cornyn sits on the Senate Judiciary Committee, which will decide on Thursday morning whether the bill will hit the floor. Hence the email Cornyn NOW part: you can't send him an email Thursday morning and expect it to be read by anyone in his office. According to the EFF, the committee is currently sitting around 50/50. If this bill dies in committee, it will be a major (more like necessary) victory for those of us who own CD/DVD burners, iPods, TiVos, and any other entertainment technology which uses digital copying.