HR 3957
116th Congress
House
Science, Technology, Communications
Administrative law and regulatory procedures
Broadcasting, cable, digital technologies
Business investment and capital
Capital gains tax
Congressional oversight
Corporate finance and management
Federal Communications Commission (FCC)
Government studies and investigations
Income tax deductions
Income tax deferral
Licensing and registrations
Minority and disadvantaged businesses
Women in business
Expanding Broadcast Ownership Opportunities Act of 2019
Introduced: July 25, 2019
See on congress.gov
Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 9, 2020
Ordered to be Reported (Amended) by Voice Vote.
Sep 9, 2020
Committee Consideration and Mark-up Session Held.
Mar 10, 2020
Forwarded by Subcommittee to Full Committee by Voice Vote .
Mar 10, 2020
Subcommittee Consideration and Mark-up Session Held.
Jul 25, 2019
Referred to the Subcommittee on Communications and Technology.
Jul 25, 2019
Referred 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.
Jul 25, 2019
Introduced in House
Plain-English 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.
What's happening now
Ordered to be Reported (Amended) by Voice Vote.
Committees of jurisdiction
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