Text and Data Mining (TDM) has the potential to improve European research productivity and competitiveness by discovering knowledge from large unstructured datasets. However, the current non-"TDM-friendly" EU copyright framework is a major barrier as it lacks harmonized exceptions for research use. The European Commission is considering legislative action to modernize EU copyright rules as part of the Digital Single Market strategy, which could simplify and harmonize exceptions to allow TDM for both commercial and non-commercial research. Stakeholders are awaiting proposals in the Digital Single Market White Paper in June and votes in the European Parliament in April and May on related issues.