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S 2319 114th Congress Senate Science, Technology, Communications Bank accounts, deposits, capital Broadcasting, cable, digital technologies Budget deficits and national debt Executive agency funding and structure Federal Communications Commission (FCC) Interest, dividends, interest rates Licensing and registrations

A bill to amend the Communications Act of 1934.

Introduced: November 19, 2015 Introduced by: Thune, John Republican · South Dakota See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 30, 2016
Placed on Senate Legislative Calendar under General Orders. Calendar No. 579.
Aug 30, 2016
Committee on Commerce, Science, and Transportation. Reported by Senator Thune under authority of the order of the Senate of 07/14/2016 without amendment. Without written report.
Dec 9, 2015
Committee on Commerce, Science, and Transportation. Ordered to be reported without amendment favorably.
Nov 19, 2015
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Nov 19, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(Sec. 1) This bill amends the Communications Act of 1934 to require any deposits that the Federal Communications Commission may require for the qualification of bidders in a system of competitive bidding for spectrum licenses to be deposited directly in the Treasury instead of in an interest bearing account at a financial institution. The bill removes a provision that requires the interest accrued to such a financial institution account to be dedicated for the sole purpose of deficit reduction.

The deposits of successful bidders must be credited to the deposit fund of the Treasury, unless existing exceptions apply.

What's happening now August 30, 2016

Placed on Senate Legislative Calendar under General Orders. Calendar No. 579.

 Committees of jurisdiction 1