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S 2433 116th Congress Senate

Expanding Broadcast Ownership Opportunities Act of 2019

Official title: A bill to direct the Federal Communications Commission to take certain actions to increase diversity of ownership in the broadcasting industry, and for other purposes.

Introduced: August 1, 2019 Introduced by: Peters, Gary C. Democratic · Michigan See on congress.gov
Science, Technology, Communications Administrative law and regulatory proceduresBroadcasting, cable, digital technologiesBusiness investment and capitalCapital gains tax
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Congressional oversightCorporate finance and managementFederal Communications Commission (FCC)Government studies and investigationsIncome tax deductionsIncome tax deferralLicensing and registrationsMinority and disadvantaged businessesWomen in business
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2019
Read twice and referred to the Committee on Finance.
Aug 1, 2019
Introduced in Senate
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 Latest action August 1, 2019

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.


 Related & companion bills 1
  • HR 3957 Related bill Expanding Broadcast Ownership Opportunities Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schatz, Brian
Hawaii · Aug 1, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2433: Expanding Broadcast Ownership Opportunities Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2433/
MLA
"S. 2433: Expanding Broadcast Ownership Opportunities Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2433/.
Bluebook (legal)
S. 2433, 116th Cong. (2026), https://openamerica.io/bill/116-S-2433/.
Markdown link
[S. 2433: Expanding Broadcast Ownership Opportunities Act of 2019](https://openamerica.io/bill/116-S-2433/)
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