By Casey Harper (The Heart Sq.)
Republican lawmakers on Monday stepped up their investigation into billionaire George Soros’s buy of a slew of U.S. radio stations.
Soros is a significant donor to Democrats and liberal causes, and his purchases of U.S. radio stations forward of the election attracted consideration and prompted congressional investigations.
The deal started when main broadcaster Audacy filed for chapter. Via a posh enterprise deal, Soros gained management of the station.
RELATED: Trump slams Harris over FEMA assist for immigrants amid hurricane funds shortfall
Notably, Home Power and Commerce Committee Chair Cathy McMorris Rodgers stated in a press launch on Monday that the deal would come with “oblique international possession of 25% of the corporate,” which might usually would set off evaluation by the Federal Communications Fee.
Nevertheless, that evaluation was waived and the deal moved ahead shortly.
Rogers led a letter from lawmakers to FCC Chair Jessica Rosenworcel demanding solutions on the difficulty. The letter, signed by about 40 Republican lawmakers, is the most recent congressional evaluation of Soros’ purchases.
“We write this letter to raised perceive the Federal Communications Fee’s (FCC) latest choice to waive its international possession guidelines to fast-track the acquisition of greater than 200 radio stations in the US (US) by funds backed by Democratic giants – Donor,” the letter reads.
“This course of seems to be a departure from the FCC’s traditionally common order of reviewing transactions underneath Part 310(b) of the Communications Act of 1934… and since this approval occurred earlier than the presidential election, the timing seems questionable,” the letter stated. continued.
RELATED: BREAKING REPORT: ‘Excessive-risk non-citizens’ flying throughout U.S. with out IDs
Similar to the earlier central sq. reportHome Oversight Chairman Rep. James Comer, R-Ky. New York Rep. Nick Langworthy despatched a letter to Rosenworcel late final month elevating comparable issues.
“Whereas the motion is unprecedented, the FCC majority has apparently determined to expedite approval of a license for a corporation through which George Soros has a majority stake, which owns broadcast stations in 40 media markets and reaches ‘greater than 165 million folks’ Individuals,'” the letter stated.
The letter added: “On its face, the FCC majority isn’t solely accelerating, however circumventing established procedures to assist George Soros and advance his affect over lots of of radio stations forward of the November election. pressure.
Co-organized with permission from Heart Sq..
