Via Boing Boing:
House Republicans release watershed copyright reform paper, by Cory Doctorow: Three Myths about Copyright Law and Where to Start to Fix it (PDF) is a position paper just released by House Republicans, advocating for a raft of eminently sensible reforms to copyright law, including expanding and clarifying fair use; reaffirming that copyright's purpose is to serve the public interest (not to enrich investors); to limit statutory damages for copyright infringement; to punish false copyright claims; and to limit copyright terms.
This is pretty close to the full raft of reforms that progressive types on both sides of the US political spectrum have been pushing for. It'll be interesting to see whether the Dems (who have a much closer relationship to Hollywood and rely on it for funding) are able to muster any support for this. ...
[Update: See also Radicals for Capitalism at Crooked Timber.]