DearColleague.us

Letter

Tim Ryan

From the office of:

Tim Ryan

Sending Office: Honorable Tim Ryan
Sent By:
Krystal.Milam@mail.house.gov

Cosponsor(s): Nanette Diaz Barragan, Matt Cartwright, Steve Cohen, Gerald E. Connolly, Charlie Crist, Dwight Evans, Vicente Gonzalez, Jared Huffman, Eddie Bernice Johnson,  Ann Kirkpatrick, Sheila Jackson Lee,
Mike Levin, Elaine G. Luria, Eleanor Holmes Norton, Chellie Pingree, Jamie Raskin, Jose Serrano, Darren Soto, Thomas R. Suozzi

Dear Colleague,

I ask you to join me in supporting local media outlets who have been severely impacted by the COVID-19 pandemic. Local newspapers, television, and radio stations nationwide have experienced a significant decline in revenue due
to the coronavirus. Considering that most of their revenue comes from sponsorships and advertising for local arts and community events, local media has taken a major hit because of the cancellation of advertising contracts. Many local news outlets are unsure
whether they will be able to keep their doors open, and many have already begun staff layoffs. Protecting local media is essential because these outlets are ideal for sharing local information within communities. Many of these outlets are playing a vital role
in providing important public health information and sharing additional resources such as how to access unemployment or which grocery stores are offering special hours for seniors. For these reasons, I invite you to join as an original cosponsor on the
Protect Local Media Act of 2020.

The Protect Local Media Act:

• Directs the Federal Communications Commission (FCC) to designate 50% of government advertising to local newspapers, television and radio stations for the purposes of addressing the covid-19 pandemic up until December 31, 2020.
After December 31, 2020 the FCC should designate no less than 25% of government advertising to local radio, newspapers, and television stations. Additionally, the FCC should take steps to ensure the distribution of funds is done in a nonpartisan and nonideological
way.

• To address the significant layoffs this bill would instate an Emergency Jobs for Journalism tax credit of up to 30% of the employee’s first year wages up to $20,000 per newsroom employee hired during the remainder of the calendar
year for 2020. The tax credit would apply through the end of 2021.

• Further the bill amends the IRS Code to include as a tax-exempt 501(c)(3) nonprofit purpose the publication of written news articles (including electronic publications) which includes religious, charitable, scientific. This tax
credit is effective until December 31, 2020.

• Directs the FCC to make efforts to coordinate with the Small Business Administration to offer deferred interest business loans to qualifying newspapers, radio and television stations.

Please join me as an original cosponsor of the
Protect Local Media Act of 2020
to keep local media outlets nationwide up and running. If you have any questions, contact Krystal Delores Milam (krystal.milam@mail.house.gov) in my office.

Sincerely,

Tim Ryan

Member of Congress

Related Legislative Issues

Selected legislative information: Economy, Small Business, Technology

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