According to the Radio and Internet Newsletter (RAIN), this afternoon the House passed by voice vote a manager’s amendment on H.R. 5469, agreed to last night by the respective parties. It allows royalties to be paid as a percentage fee of revenue rather than on a per-song fee basis. Please see 148 Cong.Rec. H7043-01 for the text of the bill, in which Sensenbrenner states, in part, “I am happy to report that introduction of this bill placed a burr under the saddle of both the copyright holders and the small webcasters to conclude negotiations on these matters that began last summer. Since last week, the parties have negotiated around the clock. They have now arrived at a deal that sets new rates and payment terms that will obviate the need for further legal and administrative intervention. The manager’s amendment simply codifies the terms of that deal.”