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HR 1324 105th Congress House Science, Technology, Communications Administrative procedure American investments Commerce Common carriers Federal Communications Commission Foreign Trade and International Finance Foreign corporations Foreign investments Government Operations and Politics Independent regulatory commissions International competitiveness Law Licenses Nontariff trade barriers Radio stations Transportation and Public Works

Telecommunications Trade and Foreign Investment Act of 1997

Introduced: April 15, 1997 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 1997
Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection.
Apr 15, 1997
Referred to the House Committee on Commerce.
Apr 15, 1997
Sponsor introductory remarks on measure. (CR E668)
Apr 15, 1997
Introduced in House
 Plain-English summary Congressional Research Service

Telecommunications Trade and Foreign Investment Act of 1997 - Amends the Communications Act of 1934 to prohibit any broadcast radio station license from being granted to or held by: (1) an alien or a foreign corporation; (2) any corporation of which more than one-fifth of the capital stock is owned or voted by a foreign government; (3) any corporation organized under the laws of a foreign country; or (4) any corporation directly or indirectly controlled by another corporation of which more than one-fourth of the capital stock is owned or voted by aliens, a foreign corporation, or any corporation organized under the laws of a foreign country. Provides a similar prohibition with respect to the granting of licenses for a common carrier or aeronautical en route or fixed radio station, unless the Federal Communications Commission (FCC) finds that the public interest will be served by the granting of such license. Requires the FCC, in making such public interest determination, to consider whether competitive opportunities are available to U.S. nationals or corporations in the applicant's market.

What's happening now April 29, 1997

Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection.

 Committees of jurisdiction 2