RIAA-BACKED WEBCASTING BILL WON'T BE PASSED BY SENATE
Source: The Register UK
The controversial HR.5469 bill died in the Senate tonight, after failing to reach the floor for a vote.
The bill was originally intended to grant 'casters a six month stay on performance royalties, but with seven minutes to go before the House voted last week, it was a replaced with an RIAA-negotiated settlement. That passed unanimously, but anger spread last week after many webcasters realized this did nothing for retrospective royalties owing since 1998, and would put many educational, and non profit webcasters out of business.
