IL SB3591

Creates the Journalism Preservation Act requiring large online platforms ("covered platforms" with 50+ million U.S. users or $550 billion+ market cap) to track and pay "journalism usage fees" to eligible news publishers and broadcasters based on how often their content appears on the platform.

Eligible digital journalism providers must submit notice by January 1, 2025, to receive payments; fees are calculated monthly as a percentage of the platform's advertising revenue multiplied by each news outlet's "allocation share" (based on content impressions to Illinois residents).

Establishes final-offer arbitration process where news providers and platforms each submit competing proposals for the percentage of advertising revenue to be paid, with a 3-arbitrator panel selecting one proposal without modification within 60 days.

Requires news outlets receiving funds to spend at least 70% on news journalists and support staff (50% for outlets with 5 or fewer employees) and file annual compliance reports publicly disclosing fund usage and staffing changes.

Prohibits platforms from retaliating against news providers for asserting rights under the Act; allows civil action for retaliation; does not restrict platforms from enforcing terms of service or impair existing legal remedies and trademark rights.