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Fair Pay for Musicians: New Streaming Fees and Artist Support Fund.

This act establishes a fund to ensure musicians receive fair compensation for their online work. Citizens using streaming services may see an additional subscription fee, which will contribute to this fund. These funds will then be distributed to artists, aiming to improve their financial well-being.
Key points
Introduction of a new subscription fee (between $4 and $10) for streaming service users, dedicated to supporting artists.
Creation of an Artist Compensation Royalty Fund, collecting money from these fees and 10% of non-subscription revenue from streaming services.
Payments from the fund will go to artists, both featured (90% of funds) and non-featured (10% of funds), based on streaming numbers.
Streaming service providers will be required to disclose the additional fee and maintain detailed records, subject to audits.
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Additional Information
Print number: 118_HR_7763
Sponsor: Rep. Tlaib, Rashida [D-MI-12]
Process start date: 2024-03-20