In the bill, the ceiling on statutory damages is set at $20,000 for all serious cases, which, as I see it, means that a work could never be valued at more than $20,000. Is that also how you interpret the bill?
This is a one-time award of $20,000 paid to copyright holders in their lifetime. Basically, it means that an infringer would take $20,000, offer it to the copyright holder and then invite him to file a lawsuit.