The proposed bill, titled "An Act to modernize funding for community media programming," seeks to regulate and compensate streaming entertainment services that utilize public rights-of-way in Massachusetts by introducing a new Chapter 166B. This chapter outlines the legislation's goals, which include promoting competition among streaming service operators, ensuring diverse information sources, and establishing a structured process for the Department of Revenue to assess and collect payments from these operators. Key definitions are provided, and the Commonwealth's authority to regulate these services is clarified. Additionally, the bill creates a PEG Access Facilities Revenue Advisory Board to oversee funding for public, educational, and governmental access facilities, mandates assessments based on gross revenues, and establishes a Streaming Entertainment Fund for managing collected revenues.

The bill also empowers the Attorney General to enforce compliance with regulations concerning streaming entertainment operators, allowing for legal actions to recover unpaid assessments and penalties within a seven-year period. Local governments and community media centers adversely affected by these operators are granted similar legal rights. Furthermore, the bill amends Section 53 F of Chapter 44 of the General Laws to enable municipalities that accept this provision to create a PEG Access and Streaming Entertainment Fund, which will receive money from assessments on streaming providers and can only be used to support access media centers. The act is set to take effect immediately upon passage.