Internet radio royalty legislation introduced.

Briefing by Inside Radio

A bill that has the potential to lower music royalty rates paid by internet broadcasters was introduced by Rep. Jason Chaffetz (R-UT) and Jared Polis (D-CO) in the House today. 

A companion bill is expected to be introduced in the Senate. 

The Internet Radio Fairness Act would put internet radio services under the same market-based standard used to establish rates for other digital services, including cable and satellite radio.