Bill > S2456

This bill, known as the Broadcast VOICES Act or the Broadcast Varied Ownership Incentives for Community Expanded Service Act, aims to increase diversity of ownership in the broadcasting industry. The key provisions of the bill are: 1. It directs the Federal Communications Commission (FCC) to submit biennial reports to Congress with recommendations for increasing the number and value of broadcast stations owned by socially disadvantaged individuals, defined as women or individuals subjected to racial, ethnic, or cultural bias. 2. It establishes a tax certificate program at the FCC, allowing the Commission to issue certificates for sales of broadcast stations that result in or preserve ownership and control by socially disadvantaged individuals, providing for tax benefits to encourage such transactions. 3. It creates a tax credit for contributions of broadcast stations or interests in broadcast stations to entities that train socially disadvantaged individuals in the management and operation of broadcast stations. The bill also requires the FCC to examine and report to Congress on the nexus between diversity of broadcast station ownership and diversity of viewpoints expressed in broadcast content.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/2456/all-info