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Promoting Media Diversity: Tax Incentives and FCC Reporting

This act aims to increase the number of radio and television stations owned by women and minorities. It introduces tax benefits for station sales that promote this diversity and requires the Federal Communications Commission (FCC) to regularly report on progress. The goal is to ensure citizens have access to a wider range of viewpoints in media.
Key points
Tax Benefits: Sellers of broadcast stations can receive tax benefits if the sale increases ownership by women or minorities.
Diversity Support: The act defines who is considered a socially disadvantaged individual (women, individuals facing racial/ethnic prejudice) in the context of station ownership.
Reports to Congress: The FCC will regularly inform Congress about the number of stations owned by women and minorities and how to increase their value and number.
Impact Study: The FCC will examine whether diversity in station ownership leads to diversity in broadcast viewpoints.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2123
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2025-06-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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 119_S_2123.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-18.

What are the main provisions?

Key points include:

  • Tax Benefits: Sellers of broadcast stations can receive tax benefits if the sale increases ownership by women or minorities.
  • Diversity Support: The act defines who is considered a socially disadvantaged individual (women, individuals facing racial/ethnic prejudice) in the context of station ownership.
  • Reports to Congress: The FCC will regularly inform Congress about the number of stations owned by women and minorities and how to increase their value and number.
  • Impact Study: The FCC will examine whether diversity in station ownership leads to diversity in broadcast viewpoints.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Media and Culture Taxes