House Bill 3957
116th Congress(2019-2020)
Expanding Broadcast Ownership Opportunities Act of 2019
Introduced
Introduced in House on Jul 25, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3957
Congress
116
Policy Area
Science, Technology, Communications
Science, Technology, Communications
Primary focus of measure is natural sciences, space exploration, research policy and funding, research and development, STEM education, scientific cooperation and communication; technology policies, telecommunication, information technology; digital media, journalism. Measures concerning scientific education may fall under Education policy area.
G. K. Butterfield
grade
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No House votes have been held for this bill.
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.
July 25, 2019
09/09/2020
Ordered to be Reported (Amended) by Voice Vote.
09/09/2020
Committee Consideration and Mark-up Session Held.
03/10/2020
Forwarded by Subcommittee to Full Committee by Voice Vote .
03/10/2020
Subcommittee Consideration and Mark-up Session Held.
07/25/2019
Referred to the Subcommittee on Communications and Technology.
07/25/2019
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.
07/25/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:21 PM