Audio Home Recording bill

Audio Home Recording Act of 1992 - Amends Federal copyright law to set forth definitions relating to digital audio recording devices and media. Prohibits the importation, manufacture, or distribution of any digital audio recording device or interface device that does not conform to the Serial Copy Management System or any other system certified by the Secretary of Commerce as prohibiting unauthorized serial copying. Sets forth a mandatory recordation and filing procedure for the importation, manufacture, or distribution of digital audio recording devices or media. Requires importers and manufacturers to file quarterly and annual statements of account with the Register of Copyrights (the Register). Requires the Register to issue regulations to provide for the verification and audit of statements and to protect confidentiality of information. Prescribes royalty payment guidelines for digital audio recording devices imported, manufactured, or distributed in the United States. Requires that royalty payments be deposited into the Treasury. Identifies interested copyright parties entitled to royalty payments. Prescribes royalty payment allocation and distribution procedures. Prohibits copyright infringement actions based on the manufacture, importation, or distribution of a digital or analog audio recording device or medium or on noncommercial use of such devices or media for making digital or analog musical recordings. Sets forth civil remedies for violations of this Act, including impoundment, remedial modification and destruction of non-complying devices, and binding arbitration.