The bill defines preferential treatment as “making an admissions decision or awarding tangible education benefits where an applicant’s relationship with an alumni of, or donor to, the deciding institution serves as the determinative factor.”
To me, it sounds like the only kids affected are thse who are statistical outliers of the average applicant’s academic record.
If a kid has competitive grades, ECs, test scores (or TO), any school can argue that legacy was not the “determinative factor” in their admission.