In a 20-page white paper (PDF http://www.whitehouse.gov/sites/default/files/ip_white_paper.pdf ), the Obama administration called on the U.S. Congress to fix "deficiencies that could hinder enforcement" of intellectual property laws.
The White House is concerned that "illegal streaming of content" may not be covered by criminal law, and to resolve that ambiguity, it wants a new law to "clarify that infringement by streaming, or by means of other similar new technology, is a felony in appropriate circumstances."
The term "fair use" does not appear anywhere in the report. But it does mention Web sites like The Pirate Bay, which is hosted in Sweden, when warning that "foreign-based and foreign-controlled Web sites and Web services raise particular concerns for U.S. enforcement efforts."
CNET News: http://news.cnet.com/8301-31921_3-20043421-281.html