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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 17 U.S.C. § 1005 Deposit of royalty payments and deduction of expenses us united_states_code code_section 17 COPYRIGHTS 10 DIGITAL AUDIO RECORDING DEVICES AND MEDIA 1005 17 U.S.C. § 1005 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc17@119-100.zip /us/usc/t17/s1005 data/legal/raw/us/code/title-17/usc17.xml 6e92d1bf27ce235f06c16ff0f6a97e82659942720d41280abc0ec2f56016140b 53c244d73050c7c92329dce6d1ccd78b9e2fece359d919b044b600b95258446c 13fee37eb2548df8b190b658686b0bba0b27bfec85e81c2e9c8061f2b094a835 2026-07-04 official
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17 U.S.C. § 1005 - Deposit of royalty payments and deduction of expenses

Text

The Register of Copyrights shall receive all royalty payments deposited under this chapter and, after deducting the reasonable costs incurred by the Copyright Office under this chapter, shall deposit the balance in the Treasury of the United States as offsetting receipts, in such manner as the Secretary of the Treasury directs. All funds held by the Secretary of the Treasury shall be invested in interest-bearing United States securities for later distribution with interest under section 1007. The Register may, in the Registers discretion, 4 years after the close of any calendar year, close out the royalty payments account for that calendar year, and may treat any funds remaining in such account and any subsequent deposits that would otherwise be attributable to that calendar year as attributable to the succeeding calendar year.

(Added Pub. L. 102563, § 2, Oct. 28, 1992, 106 Stat. 4242; amended Pub. L. 103198, § 6(b)(2), Dec. 17, 1993, 107 Stat. 2312.)

Notes

Editorial Notes

Amendments1993—Pub. L. 103198 struck out at end “The Register shall submit to the Copyright Royalty Tribunal, on a monthly basis, a financial statement reporting the amount of royalties under this chapter that are available for distribution.”