Expanding Broadcast Ownership Opportunities Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 30, 2021)
Expanding Broadcast Ownership Opportunities Act of 2021
This bill requires the Federal Communications Commission (FCC) to take certain actions to increase diversity of ownership in the broadcasting industry and establishes a related tax incentive.
Specifically, the bill requires the FCC to report to Congress regarding (1) recommendations for increasing the total number of broadcast stations that are owned or controlled by members of minority groups or women, (2) the total number of broadcast stations that are owned or controlled by members of minority groups or women, and (3) whether there is a nexus between diversity of ownership or control of broadcast stations and the diversity of the viewpoints expressed on the stations.
In addition, the bill allows companies engaged in the qualifying sale of a broadcast station to receive favorable tax treatment by electing nonrecognition of the gain or loss resulting from the sale. To qualify for this treatment, the sale must result in or preserve ownership and control of a broadcast station by socially disadvantaged individuals.
What just happenedAug 2, 2021
Referred to the Subcommittee on Communications and Technology.
Who’s behind it
- Introduced in HouseJul 30, 2021
- Aug 2, 2021Committee
Referred to the Subcommittee on Communications and Technology.
Communications and Technology Subcommittee - Jul 30, 2021IntroReferralH11100
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - Jul 30, 2021IntroReferralH11100
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Energy and Commerce Committee - Jul 30, 2021IntroReferralIntro-H
Introduced in House
- Jul 30, 2021IntroReferral1000
Introduced in House