This bill seeks to boost diversity in the broadcasting industry by increasing ownership among socially disadvantaged individuals. It requires reports and introduces a tax incentive to encourage this ownership.
1. This bill aims to increase the number of broadcast stations owned by socially disadvantaged individuals. 2. The Federal Communications Commission will report every two years on ownership diversity in broadcasting. 3. A tax certificate program will be established to encourage ownership by socially disadvantaged individuals. 4. The bill defines socially disadvantaged individuals and sets criteria for ownership and control of broadcast stations. 5. The goal is to improve diversity in the broadcasting industry and provide more opportunities for underrepresented groups.
Socially disadvantaged individuals looking to own or manage broadcast stations.