Music Modernization Act Signed Into Law
The law has many components, but for classic music fans one component of the bill, the Classics Act, will finally make sure that artists with pre-1972 records will receive master recording performance royalties.
"The Music Modernization Act is now the law of the land, and thousands of songwriters and artists are better for it," RIAA president Mitch Glazier said. "The result is a music market better founded on fair competition and fair pay. The enactment of this law demonstrates what music creators and digital services can do when we work together collaboratively to advance a mutually beneficial agenda. It's a great day for music. We hope fans across the country will join with us in celebration and PLAY IT LOUD."
https://www.billboard.com/articles/b...w-bill-signing