,i #aac? ,,congress #b;d ,session ,h4 ,r4 #dajc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #bf1 #bjad ,mr4 ,nadl] introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ! ,judici>y ,a ,,bill ,to am5d title #ag1 ,unit$ ,/ates ,code1 to secure ! rights ( visual arti/s to copyright1 to provide = resale royalties1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,royalties ,too ,act ( #bjad4 #b4 ,def9itions ,section #aja ( title #ag1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by ins]t+ aft] ! def9ition ( ar*itectural "w ! foll[+3 ,an auction means a public sale at :i* a "w ( visual art is sold to ! highe/ bidd] & :i* is run by an entity t sold n less ?an #a1jjj1jjj ( works ( visual art dur+ ! previ\s ye>4 2 7#b7 by ins]t+ aft] ! def9ition ( ,pictorial1 graphic1 & sculptural works ! foll[+3 ,= purposes ( section #ajf7;b71 price means ! aggregate ( all in/allm5ts paid 9 ca% or 9-k9d by or on behalf ( a pur*as] = a "w ( visual art z ! result ( ! auction ( t "w4 2 7#c7 by ins]t+ aft] ! def9ition ( regi/ration ! foll[+3 ,= purposes ( sections #ajf7;b7 & #gja7;b77#e71 sale means transf] ( own]%ip or physical possession ( a "w ( visual art z ! result ( ! auction ( t "w4 2 & 7#d7 9 ! def9ition ( "w ( visual art1 by /rik+ ,a "w ( visual art is-- & all t foll[s ?r\gh by ! au?or4 & ins]t+ ! foll[+3 ,a "w ( visual art is a pa9t+1 draw+1 pr9t1 sculpture1 or photograph1 exi/+ ei!r 9 ! orig9al embodim5t or 9 a limit$ edition ( #bjj copies or few] t be> ! signature or o!r id5tify+ m>k ( ! au?or & are consecutively numb]$ by ! au?or1 or1 9 ! case ( a sculpture1 9 multiple ca/1 c>v$1 or fabricat$ sculptures ( #bjj or few] t are consecutively numb]$ by ! au?or & be> ! signature or o!r id5tify+ m>k ( ! au?or44 #c4 ,exclusive rights ,section #ajf ( title #ag1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by ins]t+ 7a7 ,9 g5]al4-- be=e ,subject to sections #ajg ?r\gh #abb2 7#b7 9 p>agraph 7#e71 by /rik+ & at ! end2 7#c7 9 p>agraph 7#f71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#d7 by add+ at ! end ! foll[+3 7#g7 9 ! case ( a "w ( visual art1 to collect a royalty = ! "w if ! "w is sold by a p]son o!r ?an ! au?or ( ! "w = a price ( n less ?an #e1jjj z ! result ( an auction4 7b7 ,collection ( royalty 7#a7 ,9 g5]al ,! collection ( a royalty "u subsection 7a77#g7 %all be conduct$ 9 accordance ) ?is subsection4 7#b7 ,calculation ( royalty 7,a7 ,9 g5]al ,! royalty %all be an am\nt equal to ! less] (-- 7i7 #e p]c5t ( ! price paid = ! "w ( visual art2 or 7ii7 #ce1jjj4 7,b7 ,adju/m5t ( am\nt ,9 #bjae & ea* ye> !reaft]1 ! doll> am\nt describ$ 9 subp>agraph 7,a77ii7 %all be increas$ by an am\nt equal to ! product (-- 7i7 t doll> am\nt2 & 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf = ! ye>1 det]m9$ by sub/itut+ cal5d] ye> #bjae = cal5d> ye> #aiib 9 subp>agraph 7,b7 !re(4 7#c7 ,collection ( royalty 7,a7 ,collection ,n lat] ?an #ij days aft] ! date on :i* ! auction occurs1 ! entity t conducts ! auction %all-- 7i7 collect ! royalty2 & 7ii7 pay ! royalty to a visual arti/s' copyright collect+ society4 7,b7 ,di/ribution ,n few] ?an #d times ea* ye>1 ! visual arti/s' copyright collect+ society %all di/ribute to ! au?or or 8 or h] successor z copyright own] an am\nt equal to ! diff]5ce betwe5-- 7i7 ! net royalty attributable to ! sales ( ! au?or2 & 7ii7 ! reasonable adm9i/rative exp5ses ( ! collect+ society z det]m9$ by regulations issu$ "u section #gja7;b77#e74 7#d7 ,failure to pay royalty ,failure to pay a royalty provid$ = "u ?is subsection %all-- 7,a7 con/itute an infr+em5t ( copyright2 & 7,b7 be subject to-- 7i7 ! paym5t ( /atutory damages "u section #ejd7;c72 & 7ii7 liability = paym5t ( ! full royalty due4 7#e7 ,"r to collect royalty ,! "r to collect a royalty "u ?is subsection may n be sold1 assign$1 or waiv$ except z provid$ 9 section #bja4 7#f7 ,eligibility to receive royalty paym5t ,! royalty %all be paid to-- 7,a7 any au?or ( a "w ( visual art-- 7i7 :o is a citiz5 ( or domicil$ 9 ! ,unit$ ,/ates2 7ii7 :o is a citiz5 ( or domicil$ 9 a c\ntry t provides resale royalty rights2 or 7iii7 ^: "w ( visual art is fir/ creat$ 9 ! ,unit$ ,/ates or 9 a c\ntry t provides resale royalty rights2 or 7,b7 ! successor z copyright own] ( an au?or describ$ 9 subp>agraph 7,a74 4 #d4 ,notice ( copyright ,section #dja ( title #ag1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7e7 ,non-,applicability to works ( visual art ,! provisions ( ?is section %all n apply to a "w ( visual art4 4 #e4 ,copyright (fice ,section #gja7;b7 ( title #ag1 ,unit$ ,/ates ,code1 is am5d$ by-- 7#a7 r$esignat+ p>agraph 7#e7 z p>agraph 7#f72 & 7#b7 ins]t+ aft] p>agraph 7#d7 ! foll[+3 7#e7 ,issue regulations gov]n+ visual arti/s' copyright collect+ societies describ$ 9 section #ajf1 t-- 7,a7 e/abli% a process by :i* an entity is det]m9$ to be & designat$ z a visual arti/s' copyright collect+ society1 t-- 7i7 requires t a visual arti/s' copyright collect+ society au?oriz$ to adm9i/] royalty collections & di/ributions "u ?is title %all-- 7,i7 h prior exp]i5ce 9 lic5s+ ! copyrights ( au?ors ( works ( visual art 9 ! ,unit$ ,/ates2 or 7,,ii7 h be5 au?oriz$ by n few] ?an #aj1jjj au?ors ( works ( visual art1 ei!r directly or ?r\gh reciprocal agreem5ts ) =eign collect+ societies1 to lic5se ! rights grant$ "u section #ajf2 & 7ii7 prohibits an entity f be+ designat$ z a visual arti/s' copyright collect+ society if1 dur+ a p]iod ( n less ?an #e ye>s t beg9s aft] ! date on :i* ! entity is designat$ z a visual arti/s' copyright collect+ society1 ! entity does n di/ribute directly to ea* au?or1 or to ! successor z copyright own] ( ea* au?or1 ! am\nt ( ! royalties requir$ to be di/ribut$ "u section #ajf7;b77#c77;,b72 7,b7 det]m9e a reasonable am\nt ( adm9i/rative exp5ses t a visual arti/s' copyright collect+ society may d$uct f ! royalties payable to an au?or ( a "w ( visual art "u section #ajf7;b77#c72 & 7,c7 e/abli% a process by :i*-- 7i7 n less frequ5tly ?an annually1 a visual arti/s' copyright collect+ society may reque/ f any entity t conducts auctions a li/ ( ea* "w ( visual art sold 9 ^? auctions t is by an au?or repres5t$ by ! collect+ society2 & 7ii7 an au?or ( a "w ( visual art may obta9 f a visual arti/s' copyright collect+ society any in=mation reque/$ by ! collect+ society "u clause 7i7 t relates to a sale ( a "w ( visual art by ! au?or1 includ+ ! am\nt ( any royalty paid to ! collect+ society on behalf ( ! au?or4 4 #f4 ,/udy requir$ ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,regi/] ( ,copyrights %all-- 7#a7 conduct a /udy on-- 7,a7 ! effects1 if any1 ( ! implem5tation ( ?is ,act1 & ! am5dm5ts made by ?is ,act1 on ! art m>ket 9 ! ,unit$ ,/ates2 & 7,b7 :e!r ! provisions ( ?is ,act1 & ! am5dm5ts made by ?is ,act1 %\ld be exp&$ to cov] deal]s1 gall]ies1 or o!r pr(essionals engag$ 9 ! sale ( works ( visual art2 & 7#b7 submit to ! ,committee on ! ,judici>y ( ! ,s5ate & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives a report on ! /udy describ$ 9 p>agraph 7#a71 includ+ any recomm5dations = legislation4 #g4 ,effective date ,?is ,act & ! am5dm5ts made by ?is ,act %all take effect on ! date t is #a ye> aft] ! date ( enactm5t ( ?is ,act4