[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 2319 Introduced in Senate (IS)]

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114th CONGRESS
  1st Session
                                S. 2319

                To amend the Communications Act of 1934.


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                   IN THE SENATE OF THE UNITED STATES

                           November 19, 2015

   Mr. Thune introduced the following bill; which was read twice and 
   referred to the Committee on Commerce, Science, and Transportation

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                                 A BILL


 
                To amend the Communications Act of 1934.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEPOSITS FOR SPECTRUM AUCTIONS.

    Section 309(j)(8)(C) of the Communications Act of 1934 (47 U.S.C. 
309(j)(8)(C)) is amended to read as follows:
                    ``(C) Deposits.--Any deposits the Commission may 
                require for the qualification of any person to bid in a 
                system of competitive bidding pursuant to this 
                subsection shall be deposited in the Treasury. Within 
                45 days following the conclusion of the competitive 
                bidding--
                            ``(i) the deposits of successful bidders 
                        shall be credited to the deposit fund of the 
                        Treasury, except as otherwise provided in 
                        subparagraphs (D)(ii), (E)(ii), (F), and (G); 
                        and
                            ``(ii) the deposits of unsuccessful bidders 
                        shall be returned to such bidders.''.
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