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Assembly Bill A9595

2021-2022 Legislative Session

Relates to reporting requirements for domestic and foreign media entities

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Archive: Last Bill Status - In Assembly Committee

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2021-A9595 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
General Business Law
Laws Affected:
Add Art 42 §§1030 - 1032, Gen Bus L

2021-A9595 (ACTIVE) - Summary

Relates to reporting requirements for domestic and foreign media entities; provides such annual report shall include the country of origin of any foreign investment received or any foreign ownership exceeding ten percent in the previous calendar year; establishes those that violate these reporting requirements shall be guilty of a misdemeanor.

2021-A9595 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9595
 
                           I N  A S S E M B L Y
 
                              March 17, 2022
                                ___________
 
 Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
   Committee on Economic Development
 
 AN ACT to amend the general  business  law,  in  relation  to  reporting
   requirements for domestic and foreign media entities
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The general business law is amended by adding a new article
 42 to read as follows:
                                ARTICLE 42
                              MEDIA ENTITIES
 SECTION 1030. DEFINITIONS.
         1031. REPORTING REQUIREMENTS.
         1032. VIOLATIONS AND PENALTIES.
   § 1030. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE  "MEDIA  ENTITY"
 SHALL  MEAN  ANY PERSON, PROPRIETORSHIP, FIRM, PARTNERSHIP, ASSOCIATION,
 COOPERATIVE, ORGANIZATION OR CORPORATION ORGANIZED OR EXISTING UNDER THE
 LAWS OF THIS STATE, ANY OTHER STATE, OR ANY FOREIGN COUNTRY, DOING BUSI-
 NESS IN THIS STATE WHO GATHERS INFORMATION THAT IS ABOUT CURRENT  EVENTS
 OR  THAT WOULD BE OF CURRENT INTEREST TO THE PUBLIC AND DISTRIBUTES SUCH
 INFORMATION TO AN AUDIENCE THROUGH RADIO, BROADCAST OR CABLE TELEVISION,
 OR PRINT MEDIA.
   § 1031. REPORTING REQUIREMENTS. AN ANNUAL REPORT SHALL BE SENT TO  THE
 DEPARTMENT  OF  STATE ON A STANDARDIZED FORM ESTABLISHED BY SUCH DEPART-
 MENT NO LATER THAN THE THIRTY-FIRST OF JANUARY  BY  EVERY  MEDIA  ENTITY
 WHICH  SHALL  INCLUDE  THE  COUNTRY  OF ORIGIN OF ANY FOREIGN INVESTMENT
 RECEIVED OR ANY FOREIGN OWNERSHIP EXCEEDING TEN PERCENT IN THE  PREVIOUS
 CALENDAR  YEAR.   SUCH REPORTS SHALL BE MADE ACCESSIBLE TO THE PUBLIC ON
 THE DEPARTMENT'S WEBSITE.
   § 1032. VIOLATIONS AND PENALTIES. ANY MEDIA ENTITY IN VIOLATION OF THE
 PROVISIONS OF THIS ARTICLE SHALL BE GUILTY OF A  MISDEMEANOR  AND,  UPON
 CONVICTION, SHALL BE FINED NOT MORE THAN ONE THOUSAND DOLLARS.
   §  2. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14950-02-2

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