HR 4871 117th Congress House Science, Technology, Communications

Expanding Broadcast Ownership Opportunities Act of 2021

Introduced: July 30, 2021 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Aug 2, 2021

Referred to the Subcommittee on Communications and Technology.

Jul 30, 2021

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.

Jul 30, 2021

Introduced in House

Plain-English summary Congressional Research Service

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's happening now August 2, 2021

Referred to the Subcommittee on Communications and Technology.

Committees of jurisdiction 3