(1) Generally. Any importer or manufacturer that distributes any digital
audio recording device or digital audio recording medium that it
manufactured or imported shall file with the Register of Copyrights, in
such form and content as the Register shall prescribe by -regulation,
such quarterly and annual statements of account with respect to such
distribution as the Register shall prescribe by regulation.
(2) Certification, verification, and confidentiality. Each such
statement shall be certified as accurate by an authorized officer or
principal of the importer or manufacturer. The Register shall issue
regulations to provide for the verification and audit of such statements
and to protect the confidentiality of the information contained in such
statements. Such regulations shall provide for the disclosure, in
confidence, of such statements to interested copyright parties.
(3) Royalty Payments. Each such statement shall be accompanied by the
royalty payments specified in section 1004.
Section 1004. Royalty payments [2]
(a) Digital Audio Recording Devices.
(1) Amount of payment. The royalty payment due under section 1003 for
each digital audio recording device imported into and distributed in the
United States, or manufactured and distributed in the United States,
shall be 2 percent of the transfer price.
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