First Blood is Spilled at Record Industry Hearings - “Senators on the panel made it clear that Big Brother peeking in their financial records was probably going to make everybody miserable. But the tone was clear: unless the majors labels come up with a system, whereby they agree to a penalty for under-reporting royalties, then the Senators are likely to introduce a bill making the collection of royalties, especially overseas royalties, a fiduciary duty.”