Earlier quoted context omitted.
No it doesn't. Even this ruling clearly notes that the PAA had a one year sunset and expired in 2008.
The PAA does not exist. But similar language appears in the FISA Amendments Act of 2008, which Congress renewed most recently in December. Bipartisan enthusiasm, with approximately three-quarters of senators voting for it after safely defeating the pro-privacy amendments: http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR5949 :
Before the FAA passed, there were no requirements or oversight governing collection of non US persons communicating over a US carrier. And in fact, existing legal precedent does not treat the carrier as party to the communication, so collection under those circumstances was likely legal. That's exactly the loophole the previous administration exploited to compel third-party compliance in foreign intelligence collection without oversight.