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
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
Plain-English summary
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
Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection.
Committees of jurisdiction
2
Cosponsors
1