Bill Text: NY A09595 | 2021-2022 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 9-0)

Status: (Introduced - Dead) 2022-03-17 - referred to economic development [A09595 Detail]

Download: New_York-2021-A09595-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9595

                   IN ASSEMBLY

                                     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:

     1    Section 1. The general business law is amended by adding a new article
     2  42 to read as follows:
     3                                 ARTICLE 42
     4                               MEDIA ENTITIES
     5  Section 1030. Definitions.
     6          1031. Reporting requirements.
     7          1032. Violations and penalties.
     8    § 1030. Definitions. For the purposes of this article  "media  entity"
     9  shall  mean  any person, proprietorship, firm, partnership, association,
    10  cooperative, organization or corporation organized or existing under the
    11  laws of this state, any other state, or any foreign country, doing busi-
    12  ness in this state who gathers information that is about current  events
    13  or  that would be of current interest to the public and distributes such
    14  information to an audience through radio, broadcast or cable television,
    15  or print media.
    16    § 1031. Reporting requirements. An annual report shall be sent to  the
    17  department  of  state on a standardized form established by such depart-
    18  ment no later than the thirty-first of January  by  every  media  entity
    19  which  shall  include  the  country  of origin of any foreign investment
    20  received or any foreign ownership exceeding ten percent in the  previous
    21  calendar  year.   Such reports shall be made accessible to the public on
    22  the department's website.
    23    § 1032. Violations and penalties. Any media entity in violation of the
    24  provisions of this article shall be guilty of a  misdemeanor  and,  upon
    25  conviction, shall be fined not more than one thousand dollars.
    26    §  2. This act shall take effect on the first of January next succeed-
    27  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