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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217 Extending the term of copyright protection by twenty years may also benefit the U.S. economy and, in particular, the U.S. trade balance. Last year, the U.S. copj^ght industry contributed approximately $40 bilhon in foreign sales to the U.S. economy. Since the United States is a net exporter of intellectual property products to the European Uiuon and an increase in the U.S. copyright term would extend the copyright term for U.S. works in the European Union, an additional twenty years of protection would likely increase the trade balance of the Uiuted States in the longterm. Having established that extending the copyright term as proposed in H.R. 989 appears to offer some short and long-term advantages for U.S. copyright interests, it should be pointed out that the U.S. copyright-based industry and the public might benefit even more if the Europecin Uruon eind United States were to harmonize our copyright laws in other areas as well. There are numerous differences between the U.S. and EU copyright laws and many benefits may be had by the U.S. copyrightbased industry and the public from extending the copyright term as part of a comprehensive harmoiuzation agreement with the European Union. Those that oppose H.R. 989 suggest that the public will be harmed by a copyright term exterision. These individuals suggest that works will be cheaper and more widely available once the work falls into the public domain and that the public will be deprived of these benefits for an additional twenty years if H.R. 989 is enacted. This contention may be true in theory, but in reality it may have little significance. Once a work falls into the public domain there is no guarantee that the .work will be more widely available or cheaper. In fact, there is ample evidence that shows that once a work falls into the public domain it is neither cheaper nor more widely