Possible "Stay of Execution" for Internet Broadcasters?

Well, at the "eleventh hour" there could be a "stay of execution" (not often I get to use two metaphors in one piece) for Internet broadcasters (see this Backspin column and this Gibbsblog posting for background). On July 12th, a mere 8 days before all of these small broadcasters are forced into bankruptcy:

Chairwoman of the Committee on Small Business, Nydia M. Velázquez and Ranking Member Steve Chabot came together to introduce bi-partisan legislation in a final attempt to postpone the implementation of new royalty rates for webcasters and allow additional time to find a solution. The new rates put into place by the Copyright Royalty Board (CRB), are scheduled to go into effect this Sunday, July 15 and many caution that their implementation will mean the end of the industry for Internet radio. Efforts to reach a compromise have not yet been successful, and this legislation, HR 3015, would delay implementation of the rate increase by 60 days, allowing continued negotiation so a satisfactory arrangement can be reached.

The problem isn't really that negotiations are required, it is that the CRB were manipulated by the RIAA to impose a royalty structure that is irrational and need to rescind their judgement and create a royalty scheme that is fair and sensible.

The backstory is simple: The supposedly "expert" board looked no further than the evidence presented by the RIAA and obviously knowing next to nothing about technology in general or the Internet in particular came to erroneous conclusions and now don't have the cojones to admit their mistake and fix the problem they created. Shameful.