That’s not how that works. The LGBT issue would be resolved by the courts, and how that turns out depends on the merits of the case.

Or they could just not pass the bill and not risk the hammer coming down on the lgbtq+ community.

This will directly hurt the queer community, it is obvious. That's why all the prominent queer folks, like the lawyer I linked, are saying as such. What expertise do you have over activists and civil rights lawyers within the queer community who are calling it an anti-queer bill?

While the potential for targeting LGBT information is certainly an issue, it isn’t the core of the problem here. Even if there was a specific call-out in the bill that LGBT information doesn’t count, it’s still a bad bill because of the privacy implications. If you prioritize privacy, you get lgbt-friendly results for free. It turns out that keeping the government out of your business is generally a good thing when it comes to the Internet.

It is also an anti-privacy bill. Things can be multiple things.