To improve copyright protections for the intellectual property...
To improve copyright protections for the intellectual property of visual artists, the American Royalties, Too Act was introduced by Sens. Tammy Baldwin, D-Wis., and Ed Markey, D-Mass., and House IP Subcommittee ranking member Jerrold Nadler, D-N.Y., said a Nadler…
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news release Wednesday (http://1.usa.gov/1fUCZDj). The ART Act provides a “competitive resale royalty” of 5 percent of the sales price -- up to $35,000 -- for all visual art work “sold at auction for $5,000 or more,” it said.