3.0.0 1883 2023-01-11T13:36:06Z 2023-01-11T13:36:06Z House HR 2017-04-04 115 [Congressional Record Volume 163, Number 58 (Tuesday, April 4, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUTTERFIELD:H.R. 1883.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18: The Congress shall havePower To . . . make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in the Govemmentof the United States, or in any Department or Officerthereof.[Page H2697]]]> hsif00 Energy and Commerce Committee House Standing hsif16 Communications and Technology Subcommittee Referred to 2017-04-07T14:33:24Z Referred to 2017-04-04T14:02:30Z hswm00 Ways and Means Committee House Standing Referred to 2017-04-04T14:02:35Z 2017-04-07 hsif16 Communications and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Communications and Technology. Committee 2017-04-04 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-04-04 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. IntroReferral H11100-A 9 Library of Congress 2017-04-04 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. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2017-04-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-04 Introduced in House IntroReferral 1000 9 Library of Congress B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 N Science, Technology, Communications Broadcasting, cable, digital technologies Business investment and capital Capital gains tax Congressional oversight Income tax deductions Licensing and registrations Minority and disadvantaged businesses Women in business Science, Technology, Communications 00 2017-04-04 Introduced in House 2017-09-01T14:52:41Z Expanding Broadcast Ownership Opportunities Act of 2017

This bill amends the Communications Act of 1934 and the Internal Revenue Code to reestablish a tax certificate program under which the Federal Communications Commission (FCC) certifies a person's sale of an interest in a broadcast station to socially and economically disadvantaged minorities or women in order for the seller to elect to treat the sale as an involuntary conversion for which no gain is recognized for tax purposes or as an unrecognized gain to reduce the basis for determining gain or loss subject to an allowance for a depreciation deduction.

The FCC must adopt rules for the issuance of such certificates to: (1) limit the value of an interest the sale of which qualifies for such a certificate, (2) establish a minimum holding period following the sale during which the broadcast station must remain owned by socially and economically disadvantaged individuals, (3) limit the total number or value of sales for which a person may be issued certificates, and (4) require participation by socially and economically disadvantaged individuals in the management of the broadcast station.

The FCC must report on: (1) recommendations to increase the total number of broadcast stations owned or controlled by minority groups or women, (2) annual sales for which certificates have been issued, (3) whether to expand the tax certificate program beyond broadcast stations to other FCC-regulated entities, and (4) whether there is a nexus between diversity of ownership or control of broadcast stations and diversity of the viewpoints broadcast by the stations.

The FCC must also establish a five-year pilot incubator program to grant waivers from ownership rules (local radio ownership rules, local television multiple ownership rules, or radio-television cross-ownership rules) to licensees to enable them to acquire an otherwise prohibited interest in a broadcast station owned by socially and economically disadvantaged individuals.

]]> Expanding Broadcast Ownership Opportunities Act of 2017 Display Title Expanding Broadcast Ownership Opportunities Act of 2017 Official Title as Introduced To direct the Federal Communications Commission to take certain actions to increase diversity of ownership in the broadcasting industry, and for other purposes. Introduced in House IH Short Titles as Introduced Expanding Broadcast Ownership Opportunities Act of 2017 Introduced in House 2017-04-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1883ih/xml/BILLS-115hr1883ih.xml 2017-04-07 Referred to the Subcommittee on Communications and Technology. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.