; (II) the reproduction would have been subject to statutory licensing under section 112(e)(1) if the sound recording had been first fixed on or after February 15, 1972; (III) the transmitting entity has satisfied the requirements for statutory licensing under subparagraph (B) and section 112(e)(6); and (IV) the applicable royalty was paid and accounted for under this subparagraph. (iv) This subparagraph does not confer copyright protection under this title upon sound recordings that were fixed before February 15, 1972. Such sound recordings are subject to the protection available under the laws of the States, and except as provided in clause (iii), are not subject to any limitation of rights or remedies, or any defense, provided under this title. (v) This subparagraph shall have no effect with respect to any public performance that is made of a sound recording, or reproduction that is made of a sound recording under the circumstances described in section 112(e)(1), on or after February 15, 2067. . (b) Effective date The amendments made by this section shall apply to performances and reproductions of sound recordings occurring on or after the date of the enactment of this Act. 8. No harmful effects on songwriters (a) No adverse effect on license fees for underlying musical works; necessity for other licenses (1) In general Section 114(i) of title 17, United States Code, is amended to read as follows: (i) No adverse effect on license fees for underlying musical works