Everything can be gamed to suppress free speech. The same logic says we should do away with fraud statutes. You think this is an insightful and important point, but it's really a banal point.
The problem is the chilling effect. Who determines what "bullying" is? I've seen some heated discussions online that could be mistaken for something that they're not in more than one instance.
I'm personally of the opinion that "online bullying" is a nonsense phenomenon. How do you deal with a bully online? You access the block function of the medium you're using and block the idiot. Done. You never have to deal with them again.
Not everything can be gamed to suppress free speech, in particular statutes, the attempt to do so is predictably forbidden. That may or may not be a piece of banal insightful information.
This legislation is proposed for online communication and that is the target and reach that can be gamed. Blanket statements will not make it any other than what it is. An abusive new piece of language that is open to be used for censorship purposes. As to what I believe is insightful or not, that is up to my devices and I am free to share it or not when and how I choose to, for the time being. Tend to keep it that way.
The only banal point is arguing that freedom of speech and privacy are antiquated. I like how you frame OP as a hick because his opinions differ from yours. Is it easy being the smartest guy you know?