arrow_back Back to App

Promoting Media Diversity: Tax Incentives and FCC Reporting

This act aims to increase diversity of ownership in broadcast stations, particularly among women and minorities. It introduces tax incentives for transactions that promote this diversity and mandates regular reporting by the Federal Communications Commission (FCC) on progress. The goal is to ensure citizens have access to a wider range of viewpoints in media.
Key points
Tax Incentives: Sellers of broadcast station interests to underrepresented groups (women, minorities) can receive tax benefits, encouraging such transactions.
Support for Owners: The act defines who qualifies as a socially disadvantaged individual to precisely target support.
Reports and Oversight: The FCC will regularly report to Congress on the number of stations owned by underrepresented individuals and how to increase their market share, ensuring transparency and progress monitoring.
Tax Credit for Contributions: A tax credit is introduced for donating broadcast stations to organizations that train socially disadvantaged individuals in media management.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2456
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2021-07-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Broadcast VOICES Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2456.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-22.

What are the main provisions?

Key points include:

  • Tax Incentives: Sellers of broadcast station interests to underrepresented groups (women, minorities) can receive tax benefits, encouraging such transactions.
  • Support for Owners: The act defines who qualifies as a socially disadvantaged individual to precisely target support.
  • Reports and Oversight: The FCC will regularly report to Congress on the number of stations owned by underrepresented individuals and how to increase their market share, ensuring transparency and progress monitoring.
  • Tax Credit for Contributions: A tax credit is introduced for donating broadcast stations to organizations that train socially disadvantaged individuals in media management.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Peters, Gary C. [D-MI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Media and Culture Taxes