A bill relating to the disclosure of information and news sources by the news media.

Prohibits any Federal or State court, grand jury, executive agency, legislature, or other Government official or body from compelling a reporter to disclose any informaiton or the source thereof if obtained by him in his capacity as a reporter.

States that the provisions of this Act shall not apply: (1) in any instance in which the source of information authorizes disclosure of his identity or the information; (2) in any civil defarmation litigation if the defendant asserts a defense based on the source of the aleged defarmatory information and the court determines that substantial injustice may result to the plaintiff if the source is not disclosed; and (3) to information or sources of information as to which a court of competent jurisdiction finds, upon application and after hearing all interested parties, that a compelling and overriding national interest requires disclosure.