NAB 2022 Priorities: Bills for News-Big Tech Talks, Restoring FCC Minority Tax Certificate
NAB said its 2022 legislative priorities include passage of the Journalism Competition and Preservation Act (HR-1735/S-673) and legislation aimed at bringing back the FCC’s minority broadcast ownership tax certificate program. Lawmakers “should support laws and policies” like HR-1735/S-673 “that recognize…
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and uphold broadcasters' unique and essential role in democracy and a free press,” NAB said. The House and Senate Judiciary committees are sorting through how to tweak HR-1735/S-673, which would let small news outlets negotiate revenue-sharing with online platforms (see 2202020068). “Reinstating the Tax Certificate Program at the FCC would encourage investment in broadcast station ownership for women and people of color and dramatically help underrepresented voices realize their dreams of radio and television station ownership,” NAB said. It backs the Expanding Broadcast Opportunities Act (HR-4871) and Broadcast Varied Ownership Incentives for Community Expanded Service Act (S-2456), which both would reinstate the program. The group opposes legislation to change the tax treatment of advertising spending, which is currently fully deductible as a necessary business expense, because “it would hurt consumers and small businesses, impact jobs and harm broadcasters' ability to serve their local communities.” NAB also touted its support for the Local Radio Freedom Act (House Concurrent Resolution 33/S-Con-Res 9), which opposes any new performance royalty on broadcast radio.