Singer-songwriter Sen. Orrin HatchOrrin HatchInternet companies dominate tech lobbying Senate panel approves pension rescue for coal miners Overnight Tech: GOP says internet fight isn't over | EU chief defends Apple tax ruling | Feds roll out self-driving car guidelines | Netflix's China worries MORE (R-Utah) announced Monday that he would introduce a bill to ensure songwriters are fairly compensated.
“The music business is one of the toughest industries out there and our songwriters and composers shouldn’t have to accept artificially low royalty rates for their works,” Hatch said Monday. “Allowing them to receive the fair market value for their songs is the right thing to do.”
Hatch made the announcement about the legislation at a Nashville café with Sens. Bob CorkerBob CorkerSenate poised to override Obama veto US general calls out Pakistan on support for Afghan militants This week: Shutdown deadline looms over Congress MORE (R-Tenn.) and Lamar AlexanderLamar AlexanderOvernight Regulation: Lawsuits pile up against Obama overtime rule The American people are restive, discouraged and sometimes suicidal GOP chairman eyes lame-duck for passing medical cures bill MORE (R-Tenn.), who are co-sponsoring the bill.
“Italy has its art, Egypt has its pyramids, Napa Valley has its wines and Nashville has its songwriters,” Alexander said. “Songwriters are the lifeblood of Music City, and their paychecks ought to be based on the fair market value of their songs — so that when they write a hit heard around the world, you can see it in their billfolds.”
The Songwriter Equity Act would direct the Copyright Royalty Board to set compensation according to the fair market value when songs are sold, such as through music downloads and CD purchases. It also allow songwriters to more easily litigate when their song is played, such as in a restaurant or at a concert, and they aren’t properly compensated.
The Copyright Royalty Board has currently set the rate of compensation at 9.1 cents per song. Corker said that rate is too low and doesn’t account for technological advances.
“As technology advances, it’s important we not forget the sometimes unsung heroes of the music industry — the songwriters — and modernize the way they are compensated for their talents,” Corker said.
Reps. Doug Collins (R-Ga.) and Marsha BlackburnMarsha BlackburnOvernight Healthcare: Mylan CEO faces bipartisan outrage over EpiPen pricing House panel votes to hold fetal tissue company in contempt Top Dem to GOP leaders: Halt panel's plan to charge firm tied to Planned Parenthood MORE (R-Tenn.) introduced a companion measure in the House, H.R. 4079.