summary
Introduced
03/15/2017
03/15/2017
In Committee
06/15/2017
06/15/2017
Crossed Over
06/21/2017
06/21/2017
Passed
10/04/2018
10/04/2018
Dead
Signed/Enacted/Adopted
10/11/2018
10/11/2018
Introduced Session
115th Congress
Bill Summary
Orrin G. Hatch Music Modernization Act (Sec. 1) This bill amends the Internal Revenue Code, with respect to the tax credit for the production of electricity from advanced nuclear power facilities, to: (1) establish requirements for the allocation of unutilized portions of the national megawatt capacity limitation, and (2) allow public entities to transfer the credit to project partners. If a portion of the 6,000 national megawatt capacity limitation for the credit is unutilized after December 31, 2020, the Internal Revenue Service must allocate the unutilized capacity: (1) first to facilities that were placed in service on or before December 31, 2020, and did not receive an allocation equal to their full nameplate capacity, and (2) then to facilities placed in service after December 31, 2020, in the order in which the facilities are placed in service. The placed-in-service sunset date of January 1, 2021, does not apply to the allocations of unutilized national megawatt capacity. Qualified public entities may transfer the credit to an eligible project partner. A "qualified public entity" is: (1) a federal, state, or local government or any political subdivision, agency, or instrumentality thereof; (2) a mutual or cooperative electric company; or (3) a not-for-profit electric utility which has or had received a loan or loan guarantee under the Rural Electrification Act of 1936. An "eligible project partner" includes any person who: (1) is responsible for, or is participating in, the design or construction of the facility; (2) participates in the provision of nuclear steam or nuclear fuel to the facility; or (3) has an ownership interest in the facility.
AI Summary
This bill, the Orrin G. Hatch-Bob Goodlatte Music Modernization Act, aims to modernize copyright law. The key provisions are:
1) It establishes a blanket licensing system for digital music providers to obtain licenses to reproduce and distribute musical works, with a newly created Mechanical Licensing Collective to administer the system.
2) It provides federal copyright protection for pre-1972 sound recordings and establishes a framework for their licensing and use, including provisions around non-commercial use and payment of royalties.
3) It allows certain music producers, mixers, and sound engineers to receive a portion of statutory performance royalties for pre-1995 sound recordings, even without a letter of direction from the featured recording artist.
The bill also includes technical amendments, changes to rate-setting procedures, and provisions to ensure the severability of the law's components.
Committee Categories
Budget and Finance
Sponsors (33)
Tom Rice (R)*,
Rick Allen (R),
Don Bacon (R),
Sanford Bishop (D),
Earl Blumenauer (D),
Bradley Byrne (R),
Buddy Carter (R),
Jim Clyburn (D),
Doug Collins (R),
Jeff Duncan (R),
Drew Ferguson (R),
Trey Gowdy (R),
Tom Graves (R),
Jody Hice (R),
Hank Johnson (D),
Mike Kelly (R),
Barry Loudermilk (R),
Kenny Marchant (R),
Grace Napolitano (D),
Steven Palazzo (R),
Erik Paulsen (R),
James Renacci (R),
Martha Roby (R),
Mike Rogers (R),
Mark Sanford (R),
David Schweikert (R),
David Scott (D),
Terri Sewell (D),
Mike Simpson (R),
Kyrsten Sinema (I),
Marc Veasey (D),
Joe Wilson (R),
Rob Woodall (R),
Last Action
Became Public Law No: 115-264. (on 10/11/2018)
Official Document
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