The New York Times reports that if a new federal law is enacted, the scholarly journal business is likely to take a major financial hit. The new law, dubbed the Federal Research Public Access Act of 2006, wants to open up scholarly publication by requiring 11 government agencies to post online any research that was carried out with federal funds. If the law is enacted, it would require that scholarly articles be available online, and free of charge, within six months of initial publication. However, some in the scholarly publication business are wary of the new law and feel that it could have ramification for subscriber and ad revenue. In addition, some feel that because studies and their data are so easily misinterpreted, context and clarification may be overlooked… (Note: This site requires free registration.)