US SB326

Extends public performance royalty rights for sound recordings to AM/FM terrestrial radio broadcasts, which currently only apply to digital/satellite transmissions, requiring radio stations to pay royalties to artists and record labels for playing music

Establishes tiered annual royalty rates for small broadcasters: $10 for stations with revenue under $100,000; $100 for public broadcasting stations with revenue between $100,000-$1.5 million; $500 for commercial stations with revenue between $100,000-$1.5 million

Requires stations to have less than $1.5 million in individual station revenue and less than $10 million in total owner/affiliate revenue to qualify for small broadcaster rates

Mandates Copyright Royalty Judges to initiate proceedings to set royalty rates effective through December 31, 2028, with subsequent proceedings every five years

Protects songwriters by ensuring the act does not adversely affect existing public performance rights or royalties for musical works, and requires consideration of radio's promotional value when setting royalty rates