section 501(a), the term unrelated business taxable income does not include any amount attributable to payments for advertisements in news publications. . (c) Expedited application Section 508 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (g) Timing for approval of applications by news organizations In the case of an independent or community-based written news and electronic publication which is described in section 501(c)(3), the Secretary shall approve or deny such organization for recognition of 501(c)(3) status not later than the date that is 12 months after notice is given under subsection (a). . (d) Effective date The amendments made by this section shall apply with respect to taxable years beginning after the date of the enactment of this Act. 5. Sense of Congress regarding the Ready to Learn program It is the sense of Congress that the Corporation for Public Broadcasting should, to the extent possible under the agreement entered by the Corporation for Public Broadcasting and the Department of Education under section 4643 of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7293 ), provide programming to preschool, elementary, and secondary school children that promotes digital literacy during the period in which such children are unable to attend school due to the COVID–19 pandemic. 6. Definitions In this Act: (1) Commission The term Commission means the Federal Communications Commission. (2) Local media The term local media means a media vehicle (such as a newspaper, electronic publication, radio station, or television station) that— (A) primarily serves the communications needs of regional or local communities