MUSIC MODERNIZATION ACT UPDATE

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In celebration of Independence Day, NSAI will be closed beginning at 2:00pm on Wednesday, July 3 and will reopen on July 8th at 10:00am.

Nashville, TN --- The U.S. Senate Committee on the Judiciary today passed the Music Modernization Act by
unanimous voice vote.

“A huge thank you goes to Senators Chuck Grassley, Dianne Feinstein, Orrin Hatch, Sheldon Whitehouse and
many others. Songwriters desperately need the improvements in this bill that will ultimately lead to higher
streaming royalty rates and a more efficient music licensing system.”

“This is a monumental step in the process as we now move to vote by the full United States Senate. Many
challenges to the legislation have been confronted and today’s vote continues to indicate the tremendous
support the bill enjoys from every segment of the music industry, digital community, broadcasters and others.
As we celebrate today, we also understand there are other steps before this bill becomes law.”

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