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Update: The Music Modernization Act has been signed into law on October 11th.
You’ve definitely heard about it in the news as it’s been making waves in the music community for the past year—the Music Modernization Act, or MMA. On the surface it’s legislation, written and introduced by Representatives Doug Collins (R-GA) and Hakeem Jeffries (D-NY), that would change the rates and the way mechanical royalties are paid out to copyright owners, and overhaul how the statutory boards and courts regulate collective licensing in the United States. Looking under the surface, this proposed legislation is much more complicated and nuanced, ultimately positively affecting the lives of rights holders, streaming companies, and the music industry for the future.