"(b) The term does not include the distribution of bona fide news, commentary, or editorial content unless the publishing entity is owned or controlled by a political party, a political committee, or a candidate".
Generally it’s not advisable for the government to have the power to ban political communication and decide on a case-by-case basis what communication falls into the banned classes.
If this thing passes it’s a dead letter to at least the current SCOTUS.