Home Audio Recording Act

Home Audio Recording Act - Amends the copyright law to exempt from liability for infringement of copyright any individual who makes an audio recording of a musical work or sound recording solely for private household use.

Requires the compulsory licensing of manufacturers and importers of audio recording devices and media. Sets forth procedures for: (1) determining royalty fees to be paid by such manufacturers and importers; and (2) distributing such fees to the owners of copyright of sound recordings included in radio or television transmissions or distributed in the form of phonorecords. Provides for the determination of royalty fees by: (1) voluntary negotiation between importers and manufacturers and representatives of copyright owners; or (2) compulsory arbitration when a voluntary agreement is not reached. Specifies criteria to be considered by an arbitration board in determining royalty fees. Authorizes the Register of Copyrights to confirm fees determined under arbitration or, under specified circumstances, to deny such fees and initiate new arbitration proceedings. Provides for the judicial review of the Register's decision.