A bill to assure the free flow of information to the public.

Provides that no person employed in a journalistic or reportorial capacity by, or independently engaged in gathering information for, any newspaper, magazine, wire service, or the news bureau of any radio or television station or network shall be required to disclose before the Congress, or any Federal court, grand jury, or administrative body: (1) any information or material, written or otherwise, obtained for publication by such newspaper or magazine, transmission by such wire service, or broadcast by such station or network, or (2) the source of any such information or material.

Authorizes the appropriate United States district court to divest the privilege created by this Act if there is established by clear and convincing evidence that: (1) there is probable cause to believe that the information, material, or source is clearly relevant to a specific probable violation of law; (2) the information, material, or source cannot be obtained by alternate means less injurious to the gathering and dissemination of information to the public; and (3) there is a compelling and overriding national interest to be served by the obtaining of the information, material, or source.