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HR 3498 106th Congress House Science, Technology, Communications Bank accounts Capital investments Commerce Competitive bidding Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Government trust funds Interest Law Licenses Radio spectrum allocation Radio stations Small business

Telecommunications Development Fund Improvement Act

Introduced: November 18, 1999 See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 1999
Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection.
Nov 19, 1999
Sponsor introductory remarks on measure. (CR E2501-2502)
Nov 18, 1999
Referred to the House Committee on Commerce.
Nov 18, 1999
Introduced in House
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 Plain-English summary Congressional Research Service
Telecommunications Development Fund Improvement Act - Amends the Communications Act of 1934 to require any down payment that the Federal Communications Commission (FCC) may require any bidder to submit before issuance of a station license or construction permit in a system of competitive bidding to be deposited in an interest-bearing account at a financial institution designated by the FCC. Requires, within 45 days following the issuance of such a license or permit: (1) the down payments of successful bidders be paid to the Treasury; and (2) the interest accrued to the account be transferred to the Telecommunications Development Fund to be used for purposes designated under the Small Business Investment Act of 1958.
What's happening now December 3, 1999

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Markey, Edward J.
Massachusetts · Nov 18, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3498: Telecommunications Development Fund Improvement Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-3498/
MLA
"H.R. 3498: Telecommunications Development Fund Improvement Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-3498/.
Bluebook (legal)
H.R. 3498, 106th Cong. (2026), https://openamerica.io/bill/106-HR-3498/.
Markdown link
[H.R. 3498: Telecommunications Development Fund Improvement Act](https://openamerica.io/bill/106-HR-3498/)
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