Page:H.R. Rep. No. 94-1476 (1976) Page 184.djvu

 U.S. House of Representatives. The legislation requires that the Copyright Office and the Copyright Royalty Commission shall submit reports on their activities each year to each House of Congress.

The bill creates new budget authority for the Copyright Royalty Commission within the Library of Congress. The Commission will consist of three members compensated at the rate prescribed for grade 18 of the General Schedule of Section 5332 of title 5, United States Code.

No statement has been received on the bill from the House Committee on the Budget.

No statement has been received on the bill from the Committee on Government Operations.

This legislation confers a number of new duties upon the Copyright Office of the Library of Congress and creates a Copyright Royalty Commission. However, the cost of the Copyright Office’s services would be recompensated either by fees required to be paid under section 708 or by deduction of costs under sections 111 and 116. The Copyright Royalty Commission is expressely authorized to deduct the costs of its proceedings involving distribution of royalty fees under section 806. In addition, the value of copies of copyrighted works required to be deposited for the Library of Congress under the mandatory deposit provisions of section 407 and the registration provisions of section 408 will amount to several million dollars annually. Income to the U.S. Government under the bill, combining cash receipts, cost deductions, and value of deposit copies, will very substantially exceed 100 per cent of the annual cost of the legislation.

The following table illustrates the cost to the United States for the present and each of five following fiscal years: