No. There is not. There aren't any for untranslated news, either.
Forget political bias, literal fake news is nothing new in US media.
In 1992, NBC rigged vehicles to explode in order to run a "news" story critical of the safety of General Motors pickup trucks:
NBC Admits It Rigged Crash, Settles GM Suit
There was no government-controlled "...
Translations should be trusted as much as anything else
There are legal boundaries if a news organization knowingly lies about what a person said, but generally translations are bound by the trust of viewers. If a TV station loses the trust of viewers, it will eventually go bankrupt. Its very hard for the average reader to verify what is reported in the news,...