Copyright term, film labeling, and film preservation legislation : hearings before the Subcommittee on Courts and Intellectual Property of the Committee on the Judiciary, House of Representatives, One Hundred Fourth Congress, first session, on H.R. 989, H.R. 1248, and H.R. 1734 ... June 1 and July 13, 1995 (1996)

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62 equal to that of the EU's. ASCAP has calculated that the loss of ASCAP performing rights revenues earned in Europe alone by American writers and music publishers for the oldest 20 years of copyrighted music — the revenues that would be lost to our country — would amount to about $14 million annually. The loss of these foreign revenues would not be fair to these of us who work so hard to create America's music, to those who invest considerable sums to bring that music to the public, or to our fellow citizens who rely on a strong United States economy. Our country needs every penny of trade surplus we can get, and enactment of H.R. 989 will ensure that we do not lose a significant portion of the trade surplus in copyrights which we receive from Europe. Mr. Chairman, if nothing else, it comes down to this: we can obtain 20 years of continued trade surplus for American creativity in the European market at no cost to ourselves, simply by enacting your legislation. If we do not do so, and do not do so now, over the next two years the following great American songs, and many others, will fall into the public domain; the revenues they and other copyrighted works would generate in Europe for another 2 0 years, which would serve the economic good of our country, will simply vanish: AIN'T WE GOT FUN ALL BY MYSELF APRIL SHOWERS AVALON I'LL BE WITH YOU IN APPLE BLOSSOM TIME I'M JUST WILD ABOUT HARRY LOOK FOR THE SILVER LINING MAKE BELIEVE 4