But United States regulations limit foreign ownership of a broadcaster to 25 percent.
In practice that has limited two-station ownership to a few dozen of the largest metropolitan areas.
Her party, representing farmers, refused to go along with a plan to relax laws limiting foreign ownership in property, industry, banks and other financial institutions.
The commission limits foreign ownership to 25 percent of any television station.
The bill would also codify other regulations that limit ownership of stations.
The Government is moving toward loosening, and perhaps scrapping, longstanding rules that limit ownership by the three major television networks of programs they broadcast.
Australian international airlines are still subject to ownership rules that limit foreign ownership to 49%.
Federal law prohibits foreign investment in some high-technology companies, and a few states limit foreign ownership of farmland.
But he said he had not violated regulations limiting foreign ownership, in part because he is an American citizen.
This proposal would limit ownership of television channels to one per person.