Congress 116 - HR 3957 - Expanding Broadcast Ownership Opportunities Act of 2019

Sponsor

Cosponsors

Topics

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

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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.

Actions

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

Amendments

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