Here is a report at Inside.com on Hatch's speech. It won't be freely available for long, so read it while you can.
I don't consider Hatch a very good friend of the public interest. He is a well-known copyright maximalist; his encouragement of licensing involves no repudiation of the maximalist agenda. It might even be interpreted as a cynical way of giving the plebians bread, circuses, and MP3s in order to keep them quiet and prevent them from becoming sufficiently discontented to seek a true legislative reversal of the maximalists' recent gains.