A more reasonable rate standard will encourage investment and growth in technologies like Internet radio that best meet the demands of the market. This will create jobs and provide more choices for music listeners and more opportunities for artists.
Furthermore, the affordable, accessible services provided by Internet radio have helped to protect musicians by discouraging illegal file-sharing, as music is readily and legally available on demand, with copyright payments made to the artists.
Congress enacted the royalty rate standard for Internet radio 14 years ago, when it was barely a concept and long before todayís prominent providers even existed. Itís well past time to correct the mistake and stop discriminating against Internet radio.
Rep. Jason Chaffetz, R-Utah, is a member of the Judiciary Subcommittee on Intellectual Property, Competition and the Internet.
From left, Rep. Christopher H. Smith, R-N.J., David Goldman, the father of a child who was abducted to Brazil by the mother, and Arvind Chawdra, a father whose two children were abducted to India by their mother, attend a news conference in the Rayburn House Office Building on international child abduction.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.