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Copyright Law Changes: Shorter Protection and New Rules for Companies.

This bill shortens copyright duration to 28 years, with a single 28-year renewal option. This impacts creators and, especially, large companies, which may lose exclusive rights to their works sooner, potentially making more content available to the public.
Key points
Copyrights will last 28 years, with an option to renew for another 28 years by applying.
These changes apply to new works and, in some cases, existing copyrights owned by very large companies (over $150 billion market capitalization) in media and entertainment.
Companies holding licenses for works whose copyrights expire earlier due to this act will retain their rights for a limited period (up to 10 years or half of the remaining license term).
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Additional Information
Print number: 118_HR_576
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2023-01-26