The binary Music Modernization Act, along with the CLASSICS Act, was collectively passed the U.S. House of Representatives on April 25th. Now, we will see if the act will get the Senate’s approval.
“With this unanimous vote, we are one step closer to a once-in-a-generation reform of our music licensing laws. It’s a long time coming and we have much work to do, but the breadth and depth of unprecedented legislative support demonstrated over the last two weeks is illustrative. It is the result of a broken system that poorly serves creators and years of painstaking consensus-building by a many key members of Congress. This bill has advanced as far it has because its component parts reflect reforms of the entire music ecosystem. That is an essential ingredient. “ – Cary Sherman, the Chairman & CEO of RIAA
What do you guys think? Let us know in the comment section down below.