House repugicans release watershed copyright reform paper

Three Myths about Copyright Law and Where to Start to Fix it (PDF) is a position paper just released by House repugicans, advocating for a raft of eminently sensible reforms to copyright law, including expanding and clarifying fair use; reaffirming that copyright's purpose is to serve the public interest (not to enrich investors); to limit statutory damages for copyright infringement; to punish false copyright claims; and to limit copyright terms.

This is pretty close to the full raft of reforms that progressive types on both sides of the US political spectrum have been pushing for. It'll be interesting to see whether the Democrats (who have a much closer relationship to Hollywood and rely on it for funding) are able to muster any support for this.
Mike Masnick's got good analysis of this on TechDirt, and notes that this is a huge shift from the House that, 10 months ago, was ready to pass SOPA.

This document really is a watershed moment. Even if it does not lead to any actual legislation, just the fact that some in Congress are discussing how copyright has gone way too far and even looking at suggestions that focus on what benefits the public the most is a huge step forward from what we've come to expect. In many ways, this is the next logical step after the completion of the SOPA fight. Rather than just fighting bad policy, it's time for Congress to recognize that existing copyright law is bad policy and now is the time to fix it. It comes as a surprise, but kudos to the repugican Study Committee -- and specifically Derek Khanna, the policy staffer who wrote the document -- for stepping up and saying what needed to be said, but which too many in Congress had been afraid to say for fear of how the entertainment industry lobbyists would react.

House repugicans: Copyright Law Destroys Markets; It's Time For Real Reform