S 1854 · 108th Congress 2003–2005, ended

Digital Opportunity Investment Trust Act

Fact sheet

Latest action · Nov 12, 2003 Read twice and referred to the Committee on Commerce, Science, and Transportation.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedNov 12, 2003
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Digital Opportunity Investment Trust Act - Establishes the Digital Opportunity Investment Trust (the Trust), which shall receive 30 percent of the cash payment received by the Federal Government each fiscal year quarter through FY 2020 from auctions of the publicly owned electromagnetic spectrum and fees derived from the use of such spectrum.

Establishes a Board to oversee administration of Trust funds.

Establishes a Director of the Trust. Provides authorized Trust uses.

Allows the Director of the Trust to award contracts and grants to nonprofit public institutions (with or without private partners) for innovative and experimental ideas and techniques to enhance learning and achieve specified related goals.

Directs the Director to invest funds of the Trust in U.S. interest bearing or U.S.-guaranteed obligations.

Cosponsors 2

Members who signed on, in the order they did. All signed on Nov 12, 2003.

SeatCosponsorSigned on
R-MEOlympia J. SnoweOriginalNov 12, 2003
D-ILRichard J. DurbinOriginalNov 12, 2003

Actions 2

Everything that happened, newest first.

  1. Nov 12, 2003Introduced in Senate
  2. Nov 12, 2003Read twice and referred to the Committee on Commerce, Science, and Transportation.

Subjects

Assigned by the Library of Congress. Policy area: Science, Technology, Communications.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.