VNUE Inc (VNUE)

[tedpeele]

I hope it passes, but there is opposition by the radio stations, and it looks like at present it isn't likely to pass. Maybe this is why VNUE recently PRd their efforts in the digital sector:

The bill is at least partially in response to the Local Radio Freedom Act that Steve Womack (R-AR) and Kathy Castor (D-FL) introduced last month, which is championed by the National Association of Broadcasters. That act aims to continue terrestrial radio’s royalty-free status, stating that Congress should not impose any new performance royalty or other charges that might create economic hardship for locally owned radio stations. Some 138 Representatives and 18 Senators have signed that non-binding resolution; Senators Martin Heinrich (D-NM) and John Barrasso (R-WY) are championing similar legislation in the Senate.

https://variety.com/2021/music/news/american-music-fairness-act-radio-royalties-1235004757/

The legislation faces a difficult path through Congress, where far more lawmakers are backing a bipartisan resolution from the National Association of Broadcasters (NAB) that states Congress will not “impose any new performance fee, tax, royalty, or other charge” on radio stations for broadcasting music over the airwaves.

The NAB on Monday announced it added 11 lawmakers to its Local Radio Freedom Act resolution, bringing the total number of House co-sponsors to 149. Eighteen senators have co-sponsored the bill.



https://thehill.com/business-a-lobbying/business-a-lobbying/560639-musicians-broadcasters-battle-in-congress-over-radio