US Congress House Bill 3957 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 36-0)
Status: Introduced on July 25 2019 - 25% progression, died in chamber
Action: 2020-09-09 - Ordered to be Reported (Amended) by Voice Vote.
Text: Latest bill text (Introduced) [PDF]

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.

Expanding Broadcast Ownership Opportunities Act of 2019

Rep. G. Butterfield [D-NC]	Rep. Yvette Clarke [D-NY]	Rep. Tony Cardenas [D-CA]	Rep. Bobby Rush [D-IL]
Rep. Marc Veasey [D-TX]	Rep. Alcee Hastings [D-FL]	Rep. Robin Kelly [D-IL]	Rep. Sheila Jackson-Lee [D-TX]
Rep. Anna Eshoo [D-CA]	Rep. Val Demings [D-FL]	Rep. Grace Meng [D-NY]	Rep. Jerry McNerney [D-CA]
Sen. Ben Lujan [D-NM]	Rep. Paul Tonko [D-NY]	Sen. Peter Welch [D-VT]	Rep. Kathy Castor [D-FL]
Rep. Janice Schakowsky [D-IL]	Rep. Adriano Espaillat [D-NY]	Rep. Marcia Fudge [D-OH]	Rep. Henry Johnson [D-GA]
Rep. Eleanor Norton [D-DC]	Rep. Barbara Lee [D-CA]	Rep. Cedric Richmond [D-LA]	Rep. Gwen Moore [D-WI]
Rep. Lucille Roybal-Allard [D-CA]	Rep. Darren Soto [D-FL]	Rep. Lisa Rochester [D-DE]	Rep. Donald McEachin [D-VA]
Rep. Michael Doyle [D-PA]	Rep. Ted Lieu [D-CA]	Rep. David Loebsack [D-IA]	Rep. Maxine Waters [D-CA]
Rep. Nydia Velazquez [D-NY]	Rep. Anthony Brown [D-MD]	Rep. Ann Kuster [D-NH]	Rep. Ilhan Omar [D-MN]

Date	Chamber	Action
2020-09-09	House	Ordered to be Reported (Amended) by Voice Vote.
2020-09-09	House	Committee Consideration and Mark-up Session Held.
2020-03-10	House	Forwarded by Subcommittee to Full Committee by Voice Vote .
2020-03-10	House	Subcommittee Consideration and Mark-up Session Held.
2019-07-25	House	Referred to the Subcommittee on Communications and Technology.
2019-07-25	House	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.
2019-07-25	House	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.
2019-07-25	House	Introduced in House

SB2433 (Related) 2019-08-01 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/3957/all-info
Text	https://www.congress.gov/116/bills/hr3957/BILLS-116hr3957ih.pdf