H. R. 6652
IN THE HOUSE OF REPRESENTATIVES
December 12, 2012
Mr. Nadler introduced the following bill; which was referred to the Committee on Foreign Affairs
To authorize assistance to United States independent music label companies to facilitate exports of recorded music by such companies.
This Act may be cited as the
Making United States Independents
Competitive Act or
Assistance to United States independent music label companies to facilitate exports of recorded music
The Secretary of Commerce shall provide assistance to United States independent music label companies for purposes of facilitating exports of recorded music by such companies.
Priority for trade shows
In providing assistance under subsection (a), the Secretary of Commerce shall give priority to assistance to United States independent music label companies and the musical recording artists of such companies to attend international music trade shows. Such assistance shall include admission costs to such music trade shows and support for travel, booth construction, and touring expenses related to such music trade shows.
In this section, the term United States independent music label company means a corporation, partnership, or other association created under the laws of the United States or of any State (including the District of Columbia or any commonwealth, territory, or possession of the United States) that—
signs musical recording artists to contracts to assist in the recording, promotion, and sale of the recorded music;
for the immediately preceding fiscal year has—
total revenues of less than $50,000,000; and
total recorded music sales of less than one percent of the total recorded music sales in the United States; and
is not majority owned by a corporation, partnership, or other association that has total revenues of more than $50,000,000.
Authorization of appropriations
There are authorized to be appropriated to the Secretary of Commerce $1,000,000 for each of the fiscal years 2013 through 2017 to carry out this section.