Expanding Broadcast Ownership Opportunities Act of 2019
Latest action · Sep 9, 2020 Ordered to be Reported (Amended) by Voice Vote.
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.
- IntroducedJul 25, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 35
Members who signed on, in the order they did. Signatures ran from Jul 25, 2019 to Mar 4, 2020, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Alcee L. Hastings | Original | Jul 25, 2019 |
| D-IL | Bobby L. Rush | Original | Jul 25, 2019 |
| D-TX | Marc A. Veasey | Original | Jul 25, 2019 |
| D-CA | Tony Cárdenas | Original | Jul 25, 2019 |
| D-NY | Yvette D. Clarke | Original | Jul 25, 2019 |
| D-IL | Robin L. Kelly | Aug 23, 2019 | |
| D-CA | Anna G. Eshoo | Sep 6, 2019 | |
| D-TX | Sheila Jackson Lee | Sep 6, 2019 | |
| D-FL | Val Butler Demings | Sep 17, 2019 | |
| D-NY | Grace Meng | Oct 16, 2019 | |
| D-CA | Jerry McNerney | Oct 17, 2019 | |
| D-NM | Ben Ray Luján | Oct 22, 2019 | |
| D-NY | Paul Tonko | Oct 22, 2019 | |
| D-VT | Peter Welch | Oct 23, 2019 | |
| D-FL | Kathy Castor | Oct 29, 2019 |
Actions 7
Everything that happened, newest first.
- Sep 9, 2020Committee Consideration and Mark-up Session Held.
- Sep 9, 2020Ordered to be Reported (Amended) by Voice Vote.
- Mar 10, 2020Forwarded by Subcommittee to Full Committee by Voice Vote .
- Mar 10, 2020Subcommittee Consideration and Mark-up Session Held.
- Jul 25, 2019Introduced in House
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2433 | Expanding Broadcast Ownership Opportunities Act of 2019 | Related bill | Aug 1, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: 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
- Science, Technology, Communications
- Women in business
Text 1
Each version as it was printed, newest first.
- Jul 25, 2019Introduced in House
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.