Cooper Cosponsors Bill That Gives Songwriters “A Much Better Deal”
WASHINGTON – U.S. Rep. Jim Cooper (TN-05) today cosponsored bipartisan legislation that will help songwriters and modernize music payouts in the digital age.
The Music Modernization Act, announced and released today, ensures music creators are more fairly compensated, increases efficiency in the licensing process, provides greater transparency and reforms an outdated system to meet 21st Century needs.
“I’m proud to cosponsor new legislation that gives Nashville songwriters a much better deal in the digital age,” Rep. Cooper said. “Music City needs the Music Modernization Act!”
The Music Modernization Act includes several major components:
- Allows judges to review evidence when setting rates for the public performance of music;
- Establishes fair assignment of judges for public performance of music;
- Allows for consideration of fair market standards for compensation for mechanical licenses; and
- Makes other updates to increase business efficiency, ensure creators get compensated and provide transparency.