The Music Modernization Act, which passed out of the House of Representatives without dissent last month, was the focus of a hearing in the Senate Judiciary Committee this week. The legislation, sponsored by Sen. Orrin Hatch (R-Utah) in the Senate, includes a number of provisions such as establishing a SoundExchange-like entity for songwriters, adjusting rate standards, and creating a public performance right for pre-1972 recordings. However, the legislation does not include a new performance tax on terrestrial broadcasting.
Chairman Chuck Grassley (R-Iowa) said, “We’ve tried to reach a consensus on what will work best for the music industry. Some concerns remain. That’s natural. I’m hopeful that we can resolve outstanding concerns. But I think that the 415-0 vote in the House is instructive on how much support there is.”
More from this hearing is available here.
By Aaron Mercer, Vice President of Government Relations
Published: May 18, 2018