In response to the Copyright Office's recent installation of destructively high Internet Radio rates, the Internet Radio Fairness Act seeks to make royalty arbitration more fair for smaller shops. The Act is proposed by Reps. Jay Inslee (D-WA), George Nethercutt (R-WA), and Rick Boucher (D-VA). This article discusses the "willing-buyer/willing-seller" principle that was used to determine the existing royalty pricing plan, which Inslee and Boucher describe as "flawed". (I'm compelled to mention that I'm in favor of at least the idea of this one, only because I tend to mention acts of Congress I oppose. :)
house.gov is being especially slow and intermitantly unavailable these days, but I finally managed to dig up a few links (related to IRFA and otherwise):