CBO Issues Cost Estimate for Music Modernization Act
September 17, 2018
September 17, 2018
WASHINGTON, Sept. 17 -- The Congressional Budget Office issued the following cost estimate:
S. 2823
Music Modernization Act
As reported by the Senate Committee on the Judiciary on September 12, 2018
SUMMARY
Under current law, a digital music provider (such as Spotify, Apple Music, or Pandora) must pay the copyright owner a royalty fee to use a protected work of music. If it does not otherwise have a voluntary license agreement with . . .
S. 2823
Music Modernization Act
As reported by the Senate Committee on the Judiciary on September 12, 2018
SUMMARY
Under current law, a digital music provider (such as Spotify, Apple Music, or Pandora) must pay the copyright owner a royalty fee to use a protected work of music. If it does not otherwise have a voluntary license agreement with . . .