Last progress June 10, 2025 (5 months ago)
Introduced on June 10, 2025 by Steven Horsford
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
This bill tells the Federal Communications Commission (FCC) to take steps to increase who owns radio and TV stations, so ownership better reflects different communities and voices across the country.
It also adds a tax rule to help with ownership changes. When someone sells an interest in certain broadcast stations, they would not have to count the profit or loss for taxes at that time. This is meant to make it easier to transfer station ownership and encourage more diverse owners.
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