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With the TL;DR being: Google/Alphabet wants to more easily block non-chrome browsers ability to use their services, and prevent the use of adblocking.
Which also means that many people using accessability tools will be unable to access them. And they are trying to get Firefox to implement it as well, so they don't take all the blame when shit hits the fan and they start getting multi-billion dollar monopoly fines from the EU.
It's ad blocking and entire operating systems, or computers configured in any way they don't like.
If this goes through, they can force you to install any plugins they wish, or disable any plugins they wish. Or make sure you don't run Linux and only Windows or Mac. They can force you to have your camera on. They can do anything since they make the rules.
No innovation will take place. Competing browsers or software will not be allowed or manipulated into marketed as "unsafe".
This is a takeover of the open web stack as we know it.