Broadcast VOICES Act
Sponsor
Full profile: /officials/P000595
Source: Congress.gov · FEC
Cosponsors (6)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
6 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- Senate Committee on FinanceReferred To · 2025-06-18
Plain-English Summary
Broadcast Varied Ownership Incentives for Community Expanded Service Act or the Broadcast VOICES Act This bill establishes tax incentives for certain transactions that facilitate the ownership and management of broadcast radio stations by socially disadvantaged individuals and imposes related reporting requirements. Under the bill, a socially disadvantaged individual is a woman or an individual who has been subjected to racial or ethnic prejudice or cultural bias because of their membership in a group. (A similar tax incentive, known as the Minority Tax Certificate Program, was in effect from 1978 to 1995.) Specifically, the bill permits individuals and entities engaged in the qualifying sale of a radio station to elect nonrecognition of the gain or loss resulting from the sale. A qualifying sale is (1) a sale of an interest in a station that results in or preserves ownership of the station by socially disadvantaged individuals, or (2) a sale of some or all of an interest in a station that is owned by socially disadvantaged individuals by an individual or entity that contributed capital in exchange for the interest (e.g., an investor that contributed startup capital). Such sales must also meet other requirements, including a cap on the value of the sale. The bill also establishes a tax credit for contributions of radio stations for the training of socially disadvantaged individuals in station management and operations. Finally, the bill requires the Federal Communications Commission to report to Congress with recommendations for increasing ownership of radio stations by socially disadvantaged individuals.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
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