said by GlobalMind :

I'll have to read that again, thought it said $500 per song max fine.

What I find more annoying are provisions against ripping CDs to media players. That's total crap.

(1.1) If a copyright owner has made an election under subsection (1), a defendant who is an individual is liable for statutory damages of $500 in respect of all the defendant’s infringements that were done for the defendant’s private purposes and that are involved in the proceedings.

(1.3) If a copyright owner has made an election under subsection (1) in respect of a defendant referred to in subsection (1.1), no other copyright owner may elect statutory damages in respect of that defendant for the defendant’s infringements that were done for the defendant’s private purposes before the institution of the proceedings in which the election was made.

What the proposed statutory damages provision would allow

* A court could only award $500 in statutory damages against an individual for all private use infringements identified in the lawsuit.

For example, if you downloaded five movies without authorization:
o Under current law, you could be liable for up to $100 000 in statutory damages
o Under the proposed bill, you would be liable for $500
* Once a copyright owner decides to sue an individual for $500 in statutory damages, all other private use infringements preceding the lawsuit may be compensated only by actual damages (even if these infringements involve the copyright material of others).

Limitations

* For infringements that are not for private purposes, the current range of statutory damages (between $500 and $20 000 for each work infringed) would remain available. For example:
o Posting music using the Internet or peer-to-peer (P2P) technology.
o Posting a copyright-protected work, such as a picture or video, onto a website such as Facebook or YouTube.
o Selling, renting or giving away a device (e.g., iPod) that contains copies of music that were originally copied onto the device by you for private purposes.