Act

US MUSIC Act.

“Our small, independent music labels are finding it increasingly difficult to sell their goods in the global marketplace,” said Nadler.  “This bill would help promote U. S. exports in an extremely competitive industry whose talents cannot be outsourced.  Helping these businesses access foreign markets is also an important part of President Obama’s goal to double U. S. exports in five years – an effort in which New York, home to many independent music labels and artists, continues to take the lead.”

http://nadler.house.gov/press-release/nadler-seeks-bolster-global-market-american-independent-music

This Act may be cited as the ‘‘Making United States

5 Independents Competitive Act’’ or ‘‘MUSIC Act’’.

1 SEC. 2. ASSISTANCE TO UNITED STATES INDEPENDENT

2 MUSIC LABEL COMPANIES TO FACILITATE

3 EXPORTS OF RECORDED MUSIC.

4 (a) ASSISTANCE AUTHORIZED.—The Secretary of

5 Commerce shall provide assistance to United States inde-

6 pendent music label companies for purposes of facilitating

7 exports of recorded music by such companies.

8 (b) PRIORITY FOR TRADE SHOWS.—In providing as-

9 sistance under subsection (a), the Secretary of Commerce

10 shall give priority to assistance to United States inde-

11 pendent music label companies and the musical recording

12 artists of such companies to attend international music

13 trade shows. Such assistance shall include admission costs

14 to such music trade shows and support for travel, booth

15 construction, and touring expenses related to such music

16 trade shows.

17 (c) DEFINITION.—In this section, the term ‘‘United

18 States independent music label company’’ means a cor-

19 poration, partnership, or other association created under

20 the laws of the United States or of any State (including

21 the District of Columbia or any commonwealth, territory,

22 or possession of the United States) that—

23 (1) signs musical recording artists to contracts

24 to assist in the recording, promotion, and sale of the

25 recorded music;

1 (2) for the immediately preceding fiscal year

2 has—

3 (A) total revenues of less than

4 $50,000,000; and

5 (B) total recorded music sales of less than

6 one percent of the total recorded music sales in

7 the United States; and

8 (3) is not majority owned by a corporation,

9 partnership, or other association that has total reve-

10 nues of more than $50,000,000.

11 (d) AUTHORIZATION OF APPROPRIATIONS.—There

12 are authorized to be appropriated to the Secretary of Com-

13 merce $1,000,000 for each of the fiscal years 2013

14 through 2017 to carry out this section.

 

LINK TO THE ACT 

 

No Comments yet, be the first to reply

Leave a Reply

Your email address will not be published. Required fields are marked *