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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635 The same rationale addresses other concerns raised by term extension. Although existing copyright protection was apparently adequate to encourage the initial creativity necessary for existing works, extended terms should apply to works already in being to encourage investment in those works. We must encourage not only initial creativity, but investment in new technology to maximize the dissemination of older works. And certainly, a longer copyright term will provide enhanced incentive to living authors. We have not overlooked the concerns of the user community. Certainly, those copyright users who exploit works during the 2 0 year extension will have to pay for that right. There are at least two reasons why they should. First, if the works are of value to them, they should pay for them. Second, the benefits we will reap in the international arena — benefits to our nation's economy, creating jobs and income — far outweigh the costs to domestic users. The question is simply put: is the small price to be paid by the user community more important than the benefits term extension will provide to our national economic security? We suggest that the choice is clear. Fair use issues should not be impacted at all. If certain uses are fair for life-plus-fifty-years, they -33