"The Songwriter Equity Act was introduced to Congress by Representative Douglas Collins on Tuesday, February 25th. The purpose of the bill is to update Section 114 and 115 of the Copyright Act that was written in 1909. This would allow songwriters, composers and publishers to receive fair compensation for their works in today's market place. An estimated two-thirds of a songwriter’s income today is heavily regulated by copyright law and consent decrees. This bill will help today’s songwriters and publishers get their fair share of mechanical and performance royalties. ASCAP, BMI, SESAC, and NMPA have all publicly praised this new bill."
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