sion for the Blind and Physically Handicapped and other
appropriate officials of the Library of Congress, establish by
regulation standardized forms and procedures by which, at the time
applications covering certain specified categories of nondramatic
literary works are submitted for registration under section 408 of this
title, the copyright owner may voluntarily grant to the Library of
Congress a license to reproduce the copyrighted work by means of
Braille or similar tactile symbols, or by fixation of a reading of the
work in a phonorecord, or both, and to distribute the resulting copies
or phonorecords solely for the use of the blind and physically
handicapped and under limited conditions to be specified in the
standardized forms.

CHAPTER 8--COPYRIGHT ROYALTY TRIBUNAL. Analysis.

Sec.
801. Copyright Royalty Tribunal: Establishment and purpose.
802. Membership of the Tribunal.
803. Procedures of the Tribunal.
804. Institution and conclusion of proceedings.
805. Staff of the Tribunal.
806. Administrative support of the Tribunal.
807. Deduction of costs of proceedings.
808. Reports.
809. Effective date of final determinations.
810. Judicial review.

Section 801. Copyright Royalty Tribunal: Establishment and purpose.

(a) There is hereby an independent Copyright Royalty Tribunal in the
legislative branch.

(b) Subject to the provisions of this chapter, the purposes of the
Tribunal shall be--

(1) to make determinations concerning the adjustment of reasonable
copyright royalty rates as provided in sections 115 and 116, and to
make determinations as to reasonable terms and rates of royalty
payments as provided in section 118. The rates applicable under
sections 115 and 116 shall be calculated to achieve the following
objectives.

(A) To maximize the availability of creative works to the public;

(B) To afford the copyright owner a fair return for his creative work
and the copyright user a fair income under existing economic conditions;

(C) To reflect the relative roles of the copyright owner and the
copyright user in the product made available to the public with respect
to relative creative contribution, technological contribution, capital
investment, cost, risk, and contribution to the opening of new markets
for creative expression and media for their communication;

(D) To minimize any disruptive impact on the structure of the
industries involved and on general