Expanding Broadcast Ownership Opportunities Act of 2019

United States116th CongressHR-3957House of Representatives
Updated: Sep 9, 2020

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

Latest companion bill action

S-2433: Expanding Broadcast Ownership Opportunities Act of 2019

Read twice and referred to the Committee on Finance.

  1. Subcommittee Consideration and Mark-up Session Held.

    House of Representatives

  2. Forwarded by Subcommittee to Full Committee by Voice Vote .

    House of Representatives

  3. Ordered to be Reported (Amended) by Voice Vote.

    House of Representatives

  4. Committee Consideration and Mark-up Session Held.

    House of Representatives