NEVERMIND
The only issue I have with this bill is, minors may have contracts legally voided at any time. Any expressed written consent by a minor will hardly ever hold up in a court of law pursuant to basic contract law/UCC. I am signing this merely because I think it is a bit much to force your 8 year old to go through that procedure (perhaps a cruel and unusual punishment argument may be made?). If you haven't made up your mind beforehand, that's your own fault.
I am not confident this will hold up in court the first time someone challenges it, but that presumption isn't enough for me to outright veto this right now.