I guess I got your attention
You did. It might have been better to have used the future, rather than the present, tense, however; and it might also have been useful to have read the Bill, or at least the relevant part of it.
The actual measure proposed is rather less exciting than one might expect from the somewhat hysterical response to it. Clause 68 amends an earlier Act by inserting a new section:116A Power to provide for licensing of orphan works
(1)The Secretary of State may by regulations provide for the grant of licences in respect of works that qualify as orphan works under the regulations.
(2)The regulations mayŚ
(a) specify a person or a description of persons authorised to grant licences, or
(b) provide for a person designated in the regulations to specify a person or a description of persons authorised to grant licences
(3)The regulations must provide that, for a work to qualify as an orphan work, it is a requirement that the owner of copyright in it has not been found after a diligent search made in accordance with the regulations.
Note in particular the proposed section 116A(3). The word "must" means that it will be mandatory for the regulations so to provide; the word "diligent" is likely to be taken pretty seriously by the courts in due course; and the burden of proving that any search was "diligent" will be on the searcher.