[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4109 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4109

To amend the Communications Act of 1934 to provide for the deposits of 
  bidders in auctions of spectrum frequencies to be deposited in the 
                               Treasury.


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                    IN THE HOUSE OF REPRESENTATIVES

                            October 24, 2017

Mr. Guthrie (for himself and Ms. Matsui) introduced the following bill; 
       which was referred to the Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
To amend the Communications Act of 1934 to provide for the deposits of 
  bidders in auctions of spectrum frequencies to be deposited in the 
                               Treasury.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Spectrum Auction Deposits Act of 
2017''.

SEC. 2. DEPOSITS OF BIDDERS IN AUCTIONS OF SPECTRUM FREQUENCIES TO BE 
              DEPOSITED IN TREASURY.

    (a) In General.--Section 309(j)(8)(C) of the Communications Act of 
1934 (47 U.S.C. 309(j)(8)(C)) is amended--
            (1) in the first sentence, by striking ``an interest 
        bearing account'' and all that follows and inserting ``the 
        Treasury.'';
            (2) in clause (i)--
                    (A) by striking ``paid to the Treasury'' and 
                inserting ``deposited in the general fund of the 
                Treasury (where such deposits shall be used for the 
                sole purpose of deficit reduction)''; and
                    (B) by striking the semicolon and inserting ``; 
                and'';
            (3) in clause (ii), by striking ``; and'' and inserting ``, 
        and payments representing the return of such deposits shall not 
        be subject to administrative offset under section 3716(c) of 
        title 31, United States Code.''; and
            (4) by striking clause (iii).
    (b) Effective Date.--The amendments made by this section shall take 
effect on October 1, 2018.
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