Why SONA (Songwriters of North America) Supporting The Music Modernization Act Was A Bad Thing

Recently I Tweeted the following:
"SONA supported and lobbied to pass the music modernization act, which does not require songwriters to get paid these royalties. Instead, they can be taken from them, and handed disproportionately to the majors. Why did SONA support that bill?"
Someone with the handle"Normani's Coming! tweeted me back asking:
"Could you explain more? Genuinely curious."
Rather than type over a few hundred tweets to explain, I thought I would record a video explaining the answer.