"Today we consider Chapter 12 of Title 17 of the Copyright Act and examine how effective it has been in the digital era."
"The DMCA has been effective and has worked to encourage the creation of new digital works and has allowed authors a way to protect against copyright infringement."
"A strong patent system is important to foster innovation. Patents serve as one the key drivers of the Nation's economy."
"after adjustments for inflation, statutory damages are actually lower now than at any point in the last century"
"the current copyright structure has led to numerous tech innovations and... legitimate services"
"Since 2010, deficits have been on a sharp downward path from 10 percent of GDP..."
"From my point of view, the deficit has come down too far, too fast."
"We are not facing any immediate escalation of the deficit."
"If we pass the balanced budget amendment... it would have turned the 2008 recession into a depression."
"Not everyone is big enough to retain counsel to fight infringement or a lobbyist to ensure their rights are protected as much as the 'big guy.'"
"This means that the artist receives no part of the long-term financial success of the work."