Eldred Act coming to Congress

Lessig reports that Representatives Doolittle and Lofgren will introduce the Eric Eldred act to Congress. This is the bill that would require copyright holders to drop $1/work at the fifty-year mark in order to retain their copyright interests for the full duration set out by Congress — otherwise, the works would enter the public domain. That way, you could find out what was and wasn't in copyright, and who held the rights to what. This is astonishingly good news. Go public domain! Some rights reserved!