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Journalism Competition and Preservation Act: Supporting Local News.

This act aims to help smaller news publishers and broadcasters negotiate better terms with large online platforms, such as search engines or social media. This allows local media to receive fairer compensation for their content, which can help maintain the diversity of information available to citizens.
Key points
Allows local media to collectively negotiate with internet giants on terms for accessing their content, without fear of antitrust violations.
Introduces an arbitration mechanism to help reach agreements if negotiations stall, ensuring fair compensation for content.
Provides protection against discrimination and retaliation by large platforms against media participating in negotiations.
Requires media receiving funds from these agreements to report on how the money is used to support journalism.
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Additional Information
Print number: 117_S_673
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-03-10