It does when the physical library is loaning an ebook -- it works on exactly the same principal as CDL -- library owns ebook, library loans out to one user the ebook -- that's why there is often a wait list when trying to check out ebooks from a real physical library. In fact, even the same DRM system is used to prevent the user from keeping the ebook after the loan is up -- Adobe's Digital Editions.
Libraries have different contracts with book publishers for eBooks. IA didn't have any contracts with any publisher.
See: https://www.npr.org/2022/11/09/1135639385/libraries-publishe...
The libraries lent physical books without any contracts. What publishers want is to make so that the rules and rights regrading physical books do not apply to digital books; what IA wants is to allow libraries treat and lend digital books the same way as physical, without permission from the publisher.
The contracts with libraries you mention require a library to buy a license for every ebook, and renew the license periodically; the publisher may set arbitrary price and terms.
So what the publisher wants is to strip users of digital books part of their rights.
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