It was not so very long ago that the National Association of Broadcasters and the RIAA were lobbying Congress for the inclusion of said FM chips [0] (or [1] if you want the tldr version).
NAB is involved [2] in this latest heroic campaign for consumer choice too, of course, although you wouldn't know it to look at the website [3].
Surprising to see the RIAA wanting this. Presumably they'd be against having the feature to record from the FM radio, which a lot of these phones with FM radios do have.
Having radios everywhere is obviously always in the radio industry's best interests. Back in 2010 the music industry got involved because they were trying to wring extra performance rights fees out of radio, which the radio folks clearly were not interested in, but the proposed compromise was that music industry lobbyists would throw their weight behind the "radios everywhere" thing, and radio would presumably benefit enough from that to cover the new hefty performance fees.
The Performance Rights Act didn't go anywhere, looks like music industry tried again last year with the "Fair Play, Fair Pay" bill.