Amends the License to Read Act. Defines terms. Provides that no contract or license agreement entered into between a publisher and library shall preclude, limit, or restrict the library from performing customary operational functions or lending functions, restrict the library from disclosing any terms of its license agreements to other libraries, or require, coerce, or enable the library to violate the Library Records Confidentiality Act. Provides that nothing in the amendatory Act affects existing contracts that are in effect on the effective date of the amendatory Act. Sets forth remedies. Contains a severability provision. Effective immediately.