3.0.0 2433 2022-11-01T13:50:11Z 2022-11-01T13:50:11Z Senate S 2019-08-01 116 ssfi00 Finance Committee Senate Standing Referred to 2019-08-01T17:31:38Z Expanding Broadcast Ownership Opportunities Act of 2019 116 3957 HR 2020-09-09 Ordered to be Reported (Amended) by Voice Vote. Related bill CRS 2019-08-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-08-01 Introduced in Senate IntroReferral 10000 9 Library of Congress P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI N S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2019-08-01 True J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2020-02-27 False Science, Technology, Communications Administrative law and regulatory procedures Broadcasting, cable, digital technologies Business investment and capital Capital gains tax Congressional oversight Corporate finance and management Federal Communications Commission (FCC) Government studies and investigations Income tax deductions Income tax deferral Licensing and registrations Minority and disadvantaged businesses Women in business Science, Technology, Communications 00 2019-08-01 Introduced in Senate 2019-10-03T15:32:54Z 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.


]]> Expanding Broadcast Ownership Opportunities Act of 2019 Display Title Expanding Broadcast Ownership Opportunities Act of 2019 Short Title(s) as Introduced Expanding Broadcast Ownership Opportunities Act of 2019 Introduced in Senate IS Official Title as Introduced A bill 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 Senate IS Introduced in Senate 2019-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2433is/xml/BILLS-116s2433is.xml 2019-08-01 Read twice and referred to the Committee on Finance. 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.