The M.U.S.I.C Act is unquestionably the most import piece of legislation that few in Congress of the Administration seem to support. So we've launched a Change.org campaign to help bring more attention to the funding of Made in America music....
While the global music market has been in decline during the last decade, the U.S. share of that market has fallen much faster, from 34% to 26% of market share, representing an annual loss of $1.9 billion. Connecting small music labels to foreign audiences will create jobs at home while ensuring that the U.S. remains a leader in the worldwide creative community.
Text of Act
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
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.
“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
Text of Act