Bill Sponsor
Senate Bill 2433
116th Congress(2019-2020)
Expanding Broadcast Ownership Opportunities Act of 2019
Introduced
Introduced
Introduced in Senate on Aug 1, 2019
Overview
Text
Introduced
Aug 1, 2019
Latest Action
Aug 1, 2019
Origin Chamber
Senate
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
2433
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.
Sponsorship by Party
Democrat
Michigan
Democrat
Alabama
Senate Votes (0)
House Votes (0)
No Senate 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.


Text (1)
August 1, 2019
Actions (2)
08/01/2019
Read twice and referred to the Committee on Finance.
08/01/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:11 PM