To direct the Federal Communications Commission to take certain actions to increase diversity of ownership in the broadcasting industry, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
This bill aims to increase minority and women ownership of broadcast radio and TV stations. It reestablishes a tax certificate program at the FCC (which existed from 1978-1995), allowing sellers of broadcast stations to defer capital gains taxes when selling to minority- or women-owned buyers, for transactions up to million. It also creates a new business tax credit for contributing broadcast stations to nonprofits that train socially disadvantaged individuals in station management. The FCC must submit biennial reports to Congress on the number of minority- and women-owned stations and recommendations for increasing ownership diversity. The bill defines socially disadvantaged individuals as women and individuals subjected to racial or ethnic prejudice.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Increase diversity of ownership in the broadcasting industry by reestablishing the FCC minority tax certificate program, creating a tax credit for broadcast station contributions to nonprofits training socially disadvantaged individuals, and requiring FCC reporting on ownership diversity.
Who Benefits
- Minority- and women-owned broadcast station buyers
- Sellers of broadcast stations to socially disadvantaged buyers (tax deferral)
- Nonprofits training socially disadvantaged individuals in broadcasting
Who Bears Costs
- Federal tax revenue (foregone gains from deferral and credits)
- FCC (new rulemaking and reporting requirements)
- Existing broadcast station owners who do not qualify for diversity incentives
Key Policy Areas
{'domain': 'Telecommunications', 'evidence': ['5', '4']}, {'domain': 'Tax Policy', 'evidence': ['5', '6']}, {'domain': 'Civil Rights', 'evidence': ['3', '5']}
Primary Purpose
Increase diversity of ownership in the broadcasting industry by reestablishing the FCC minority tax certificate program, creating a tax credit for broadcast station contributions to nonprofits training socially disadvantaged individuals, and requiring FCC reporting on ownership diversity.
Policy Domains
Legislative Strategy
"Use tax incentives to encourage existing broadcast station owners to sell to or invest in minority- and women-owned stations, reviving the 1978-1995 FCC minority tax certificate approach that produced 327 certified transactions."
Sponsors
Legislative Progress
IntroducedMr. Horsford (for himself and Mr. Cleaver) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Broadcast station donors to qualifying nonprofits, Broadcast station sellers to socially disadvantaged buyers, Buyers who fail to maintain compliance
Positive-direction: Broadcast station donors to qualifying nonprofits, Broadcast station sellers to socially disadvantaged buyers, Capital investors in minority/women-owned stations, Contributors of broadcast stations to qualifying nonprofits, Minority and women broadcast station buyers, Minority and women broadcast station owners, Sellers of broadcast stations to minority/women buyers, Sellers of broadcast stations to socially disadvantaged buyers, Socially disadvantaged buyers of broadcast stations
Negative-direction: Buyers who fail to maintain compliance
Federal Communications Commission, Federal tax revenue
Nonprofits training socially disadvantaged individuals, Nonprofits training socially disadvantaged individuals in broadcasting
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → Federal Communications Commission
- "the_commission"
- → Federal Communications Commission
Key Definitions
Terms defined in this bill
More than 50% owned by one or more socially disadvantaged individuals with management and daily operations controlled by such individuals
A contribution to an entity described in section 170(c)(2) whose charitable purpose includes training socially disadvantaged individuals in broadcast station management, with a 2-year holding requirement
A woman; or an individual subjected to racial or ethnic prejudice or cultural bias because of group identity
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology