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United States · Bill · HR

H.R. 4871 (117th)

Expanding Broadcast Ownership Opportunities Act of 2021

referredUnited States· United States Congress· EN

Introduced

30 July 2021

Last action

2 August 2021 · Referred

Status

Referred to the Subcommittee on Communications and Technology.

Sponsors

Rep. Butterfield, G. K. [D-NC-1], Rep. Horsford, Steven [D-NV-4], Rep. Castro, Joaquin [D-TX-20], Rep. Cárdenas, Tony [D-CA-29], Rep. Demings, Val Butler [D-FL-10], Rep. McNerney, Jerry [D-CA-9], Rep. Castor, Kathy [D-FL-14], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Kelly, Robin L. [D-IL-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Lee, Barbara [D-CA-12], Rep. Eshoo, Anna G. [D-CA-18], Rep. Clarke, Yvette D. [D-NY-9], Rep. Espaillat, Adriano [D-NY-13], Rep. Kuster, Ann M. [D-NH-2], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Rush, Bobby L. [D-IL-1], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Soto, Darren [D-FL-9], Rep. Veasey, Marc A. [D-TX-33], Rep. Aguilar, Pete [D-CA-33], Rep. Mrvan, Frank J. [D-IN-1], Sen. Welch, Peter [D-VT], Rep. Beatty, Joyce [D-OH-3], Rep. Sánchez, Linda T. [D-CA-38], Rep. Brown, Anthony G. [D-MD-4], Rep. Tonko, Paul [D-NY-20], Sen. Blunt Rochester, Lisa [D-DE], Rep. Omar, Ilhan [D-MN-5], David Scott, Rep. Meng, Grace [D-NY-6], Rep. Carson, André [D-IN-7], Rep. Ross, Deborah K. [D-NC-2], Rep. Lieu, Ted [D-CA-36], Rep. Neguse, Joe [D-CO-2], Rep. Trahan, Lori [D-MA-3], Rep. Cohen, Steve [D-TN-9], Carolyn Bourdeaux, Rep. Auchincloss, Jake [D-MA-4], Rep. Courtney, Joe [D-CT-2]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

Expanding Broadcast Ownership Opportunities Act of 2021 This bill requires the Federal Communications Commission (FCC) to take certain actions to increase diversity of ownership in the broadcasting industry and establishes a related tax incentive. Specifically, the bill requires the FCC to report to Congress regarding (1) recommendations for increasing the total number of broadcast stations that are owned or controlled by members of minority groups or women, (2) the total number of broadcast stations that are owned or controlled by members of minority groups or women, and (3) whether there is a nexus between diversity of ownership or control of broadcast stations and the diversity of the viewpoints expressed on the stations. In addition, the bill allows companies engaged in the qualifying sale of a broadcast station to receive favorable tax treatment by electing nonrecognition of the gain or loss resulting from the sale. To qualify for this treatment, the sale must result in or preserve ownership and control of a broadcast station by socially disadvantaged individuals.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 July 2021

    Introduced

    Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 30 July 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 July 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 August 2021

    Referred

    Referred to the Subcommittee on Communications and Technology.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 30 July 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 30 July 2021

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 30 July 2021

    Open at official source

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Sponsors

Related records

Sources

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