US HB3957 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 36-0)
Status: Introduced on July 25 2019 - 25% progression
Action: 2020-03-10 - Forwarded by Subcommittee to Full Committee by Voice Vote .
Text: Latest bill text (Introduced) [PDF]

Summary

Expanding Broadcast Ownership Opportunities Act of 2019 This bill requires the Federal Communications Commission (FCC) to increase diversity of ownership in the broadcasting industry. Specifically, the bill allows companies engaged in the qualifying sale of a broadcast station to receive favorable tax treatment by electing nonrecognition of the gain or loss resulting from the sale. To qualify for this treatment, the sale must result in or preserve ownership of a broadcast station by socially disadvantaged individuals. The bill also requires the FCC to foster investment in broadcast stations owned by socially disadvantaged individuals.

Tracking Information

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Title

Expanding Broadcast Ownership Opportunities Act of 2019

Sponsors


History

DateChamberAction
2020-03-10HouseForwarded by Subcommittee to Full Committee by Voice Vote .
2020-03-10HouseSubcommittee Consideration and Mark-up Session Held.
2019-07-25HouseReferred to the Subcommittee on Communications and Technology.
2019-07-25HouseReferred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-07-25HouseReferred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-07-25HouseIntroduced in House

Same As/Similar To

SB2433 (Related) 2019-08-01 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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