Broadcast VOICES Act

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.

Key points:

• Who is affected: current and future radio/TV station owners, potential new owners, and the FCC.
• What changes: FCC must take actions to boost ownership diversity; a tax rule would pause counting gains or losses from selling interests in certain broadcast stations.
• When: timing details aren’t provided in the available text.