MUSIC MODERNIZATION ACT UPDATE

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To enjoy the Thanksgiving holiday, NSAI will be closed beginning Wednesday November 21 at 2:00PM Central and then will re-open Monday November 26 at 10:00am Central. We hope everyone enjoys the holiday!

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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