A bill to establish a commission to study and make recommendations on methods for compensating authors for the use of their books by libraries.

Creates in the Library of Congress a "National Commission on Compensation of Authors for Library Uses of Their Works".

States the purposes of the Commission to be (1) to study and compile data on methods by which the United States may compensate authors for uses of their books by public libraries, college and university libraries, and similar institutions; and (2) to recommend procedures for determining and paying such compensation from funds to be appropriated by Congress or from a trust fund established for such purposes.

Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.

Requires the Commission to submit a final report to the President and the Congress within eighteen months after the enactment of this Act.