Looks like a proposed act tries to fix copyright law, but doesn't get it right. Check out a good description here
To sum up the Orphan Works Act, it would provide anyone the legal right to use an image, artwork or certain other intellectual properties simply because they could not find the owner of the copyright to said item through a ‘reasonably diligent’ effort. To give you an example, say someone comes across an illustration done by some artist on the Internet. They need only make some small attempt to find the artist in question. If that proved unsuccessful, they are free to use the work without payment because it’s considered “orphaned” or abandoned. Some effort is made in the bill to define what “reasonably diligent” entails, but not nearly enough. Basically anyone can use any piece of art, photo or such they come across for any purpose as long as they can demonstrate they ‘tried’ to find the creator.
I suspect the bill's a good start, but maybe needs the great work done by the Creative Commons which solves a lot of copyright issues, and should inspire new law when needed.
If you feel strongly about this, you can take action here