In an attempt to help the newspaper industry, Sen. Benjamin Cardin (D-Md.) on March 24 introduced Senate Bill 673, which would permit newspapers to become nonprofit organizations. The Newspaper Revitalization Act would give qualified newspaper corporations the option of operating as nonprofits under Code Section 501(c)(3) for educational purposes similar to public broadcasting. If a newspaper were to become tax exempt, although it would be permitted to report freely on all issues, it would not be permitted to make political endorsements. Contributions to the paper’s operations could be tax deductible, and advertising and subscription revenue would be tax exempt. According to a news release from Cardin’s office, S.B. 673 is geared toward local newspapers rather than big conglomerates, and because newspaper profits have been falling in recent years, no substantial loss of federal revenue is expected.