New York, NY (Top40 Charts) U.S. Senate Finance Committee Chairman Orrin Hatch and Ranking Member Ron Wyden, along with U.S. House Ways & Means Committee Chairman Paul Ryan, today introduced bipartisan and bicameral trade promotion authority (TPA) legislation, The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), that puts forth a framework for the negotiation and passage of trade agreements and includes appropriate and effective protections for intellectual property rights. Neil Turkewitz, EVP, International, offered the following comment:
"We congratulate Senators Hatch and Wyden and Congressman Ryan for the introduction of TPA-2015, and for their leadership in seeking to expand economic opportunities for the creative community. The music industry is helping to drive the digital economy, and pirate sites undermine that economy by unfairly competing with legitimate platforms. Securing adherence to the rule of law on a global basis is a prerequisite for advancing our economy and our culture. We hope Congress will move quickly to adopt the proposed TPA legislation, and that a Trans Pacific Partnership Agreement can be concluded under which our trading partners commit to a more robust response to existing impediments to effective protection of creators' rights."
The Recording Industry Association of America (RIAA) is the trade organization that supports and promotes the creative and financial vitality of the major music companies. Its members comprise the most vibrant record industry in the world. RIAA® members create, manufacture and/or distribute approximately 85% of all legitimate recorded music produced and sold in the United States.
In support of this mission, the RIAA works to protect the intellectual property and First Amendment rights of artists and music labels; conduct consumer, industry and technical research; and monitor and review state and federal laws, regulations and policies. The RIAA® also certifies Gold®, Platinum®, Multi-Platinum™ and Diamond sales awards as well as Los Premios De Oro y Platino™, an award celebrating Latin music sales.
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