The Music Modernization Act is officially submitted into the House of Representatives. This act would produce a corporate to regulate a comprehensive mechanical licensing system.
Also, this act would force the ASCAP and BMI rate courts afar from the judges that have supervised over them and could automatically appoint every rate dispute lawsuit to any judge in the Southern District of New York.
The legislation would remove the order barring rate court judges from granting audio recording royalty rates as an authentic benchmark when mounting music publishing royalty rates for songwriters and composers. It was bargaining by many interested groups in the music industry to try and plan consensus legislation.
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