,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bcba  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ab1 #bjad ,mr4   
,hat* 7= ,mr4 ,alex&] 7= himself1 ,mr4  
,cork]1 & ,mr4 ,hat*77 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ! ,judici>y  ,a      
,,bill  ,to am5d title #ag1 ,unit$      
,/ates ,code1 to ensure fairness 9 !    
e/abli%m5t ( c]ta9 rates & fees "u      
sections #aad & #aae ( su* title1 & =   
o!r purposes4  #a4  ,%ort title  ,?is   
,act may be cit$ z ! ,songwrit] ,equity 
,act ( #bjad4  #b4  ,effect on royalties
 = und]ly+ works  ,section #aad7;i7 (   
title #ag1 ,unit$ ,/ates ,code1 is am5d$
 to read z foll[s3  7i7  ,effect on     
royalties = und]ly+ works  ,x is ! int5t
 ( ,congress t royalties payable to     
copyright own]s ( musical works = !     
public p]=mance ( _! works %all n be    
dim9i%$ 9 any respect z a result ( !    
rights grant$ 9 section #ajf7f74  4  #c4
  ,application to sections #aab7;e7 &   
#aad7;f7 s\nd record+ proce$+s  7a7     

,proce$+s n affect$  ,nei!r section #b (
 ?is ,act nor ! am5dm5t made to section 
#aad7;i7 ( title #ag1 ,unit$ ,/ates     
,code1 by su* section #b %all be tak5   
into acc\nt 9 any proce$+ to set or     
adju/ ! rates & fees payable = ! use (  
s\nd record+s "u section #aab7;e7 or    
section #aad7;f7 ( su* title t is p5d+  
on1 or comm5c$ on or aft]1 ! date ( !   
enactm5t ( ?is ,act4  7b7  ,decisions & 
prec$5ts n affect$  ,nei!r section #b ( 
?is ,act nor ! am5dm5t made to section  
#aad7;i7 ( title #ag1 ,unit$ ,/ates     
,code1 by su* section #b %all h any     
effect ^u ! decisions1 or ! prec$5ts    
e/abli%$ or reli$ ^u1 9 any proce$+ to  
set or adju/ ! rates & fees payable = ! 
use ( s\nd record+s "u section #aab7;e7 
or section #aad7;f7 ( su* title be=e !  
date ( ! enactm5t ( ?is ,act4  #d4      
,functions ( copyright royalty judges   
7a7  ,9 g5]al  ,section #hja7;b77#a7 (  
title #ag1 ,unit$ ,/ates ,code1 is am5d$
 by /rik+ ,! rates applicable "u        
sections #aad7;f77#a77;,b71 #aae1 & #aaf

 %all be calculat$ to a*ieve ! foll[+   
objectives & ins]t+ ,! rates applicable 
"u sections #aad7;f77#a77;,b7 & #aaf    
%all be calculat$ to a*ieve ! foll[+    
objectives4  7b7  ,effective date  ,!   
am5dm5t made by subsection 7a7 %all     
apply to any proce$+ t is p5d+ on1 or   
comm5c$ on or aft]1 ! date ( ! enactm5t 
( ?is ,act4  #e4  ,royalty payable "u   
compulsory lic5se  7a7  ,9 g5]al        
,section #aae7;c77#c77;,d7 ( title #ag1 
,unit$ ,/ates ,code1 is am5d$ by /rik+  
,9 addition to ! objectives set =? 9    
section #hja7;b77#a71 9 e/abli%+ su*    
rates & t]ms1 ! ,copyright ,royalty     
,judges may consid] rates & t]ms "u     
volunt>y lic5se agreem5ts describ$ 9    
subp>agraphs 7,b7 & 7,c74 & ins]t+ !    
foll[+3 ,! ,copyright ,royalty ,judges  
%all e/abli% rates & t]ms t mo/ cle>ly  
repres5t ! rates & t]ms t w\ld h be5    
negotiat$ 9 ! m>ketplace betwe5 a will+ 
buy] & a will+ sell]4 ,9 e/abli%+ su*   
rates & t]ms1 ! ,copyright ,royalty     
,judges %all base _! decision on        

m>ketplace1 economic1 & use in=mation   
pres5t$ by ! p>ticipants4 ,9 e/abli%+   
su* rates & t]ms1 ! ,copyright ,royalty 
,judges may consid] ! rates & t]ms =    
comp>able uses & comp>able circum/ances 
"u volunt>y lic5se agreem5ts44  7b7     
,effective date  ,! am5dm5t made by     
subsection 7a7 %all apply to any proce$+
 t is p5d+ on1 or comm5c$ on or aft]1 ! 
date ( ! enactm5t ( ?is ,act4