President Trump’s signing of the Music Modernization Act on Thursday, October 11, which received unanimous support from Republican and Democratic lawmakers in its passage of the Senate and House. The bill updated and streamlined the music licensing processes, where a swarm of loopholes plagued musicians, who found it extremely difficult to collect the royalties owed to them from streaming on iHeartRadio and Spotify and other streaming platforms. It is the most significant copyright law change in decades.

The bill refreshes Section 115 of the U.S. Copyright Act and hopes to revamp copyright law for the streaming era.

The three main pieces of legislation involved in the act are the Music Modernization Act, which streamlines the music-licensing process to make it easier for rights holders to get paid when their music is streamed online, the Compensating Legacy Artists for their Songs, Service, & Important Contributions to Society (CLASSICS) Act for pre-1972 recordings, the Allocation for Music Producers (AMP) Act, which improves royalty payouts for producers and engineers from SoundExchange when their recordings are used on satellite and online radio (Notably, this is the first time producers have ever been mentioned in copyright law.)

“You like this legislation or do you hate it?” President Trump asked Kid Rock. “I like it,” said Kid Rock.

“Everybody knows this business of music is a very dirty business,” Rock said after the signing. “There’s a lot more that needs to be done here. We need to go after the record labels next, and things like free goods. But this is a great start to protect songwriters, producers, engineers — the unsung heroes behind many of these songs that go out there. People like myself who are maybe more at the top of the food chain, it really doesn’t affect as much. But I know many people it does affect.”