Expanding Broadcast Ownership Opportunities Act of 2019
USA116th CongressHR-3957| House
| Updated: 9/9/2020
G. K. Butterfield
Democratic Representative
North Carolina
Cosponsors (35)
David Loebsack (Democratic)Val Butler Demings (Democratic)Marc A. Veasey (Democratic)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Lisa Blunt Rochester (Democratic)Darren Soto (Democratic)Sheila Jackson Lee (Democratic)Ben Ray Luján (Democratic)Ilhan Omar (Democratic)Bobby L. Rush (Democratic)Michael F. Doyle (Democratic)Tony Cárdenas (Democratic)Paul Tonko (Democratic)Anthony G. Brown (Democratic)Adriano Espaillat (Democratic)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)A. Donald McEachin (Democratic)Ann M. Kuster (Democratic)Henry C. "Hank" Johnson (Democratic)Marcia L. Fudge (Democratic)Anna G. Eshoo (Democratic)Kathy Castor (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)Maxine Waters (Democratic)Nydia M. Velázquez (Democratic)Jerry McNerney (Democratic)Yvette D. Clarke (Democratic)Peter Welch (Democratic)Cedric L. Richmond (Democratic)Gwen Moore (Democratic)Grace Meng (Democratic)Alcee L. Hastings (Democratic)
Ways and Means Committee, Communications and Technology Subcommittee, Energy and Commerce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the Subcommittee on Communications and Technology.
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.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Science, Technology, Communications
Administrative law and regulatory proceduresBroadcasting, cable, digital technologiesBusiness investment and capitalCapital gains taxCongressional oversightCorporate finance and managementFederal Communications Commission (FCC)Government studies and investigationsIncome tax deductionsIncome tax deferralLicensing and registrationsMinority and disadvantaged businessesWomen in business
Expanding Broadcast Ownership Opportunities Act of 2019
USA116th CongressHR-3957| House
| Updated: 9/9/2020
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.
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Timeline
Introduced in House
Referred to the Subcommittee on Communications and Technology.
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.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
G. K. Butterfield
Democratic Representative
North Carolina
Cosponsors (35)
David Loebsack (Democratic)Val Butler Demings (Democratic)Marc A. Veasey (Democratic)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Lisa Blunt Rochester (Democratic)Darren Soto (Democratic)Sheila Jackson Lee (Democratic)Ben Ray Luján (Democratic)Ilhan Omar (Democratic)Bobby L. Rush (Democratic)Michael F. Doyle (Democratic)Tony Cárdenas (Democratic)Paul Tonko (Democratic)Anthony G. Brown (Democratic)Adriano Espaillat (Democratic)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)A. Donald McEachin (Democratic)Ann M. Kuster (Democratic)Henry C. "Hank" Johnson (Democratic)Marcia L. Fudge (Democratic)Anna G. Eshoo (Democratic)Kathy Castor (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)Maxine Waters (Democratic)Nydia M. Velázquez (Democratic)Jerry McNerney (Democratic)Yvette D. Clarke (Democratic)Peter Welch (Democratic)Cedric L. Richmond (Democratic)Gwen Moore (Democratic)Grace Meng (Democratic)Alcee L. Hastings (Democratic)
Ways and Means Committee, Communications and Technology Subcommittee, Energy and Commerce Committee
Science, Technology, Communications
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBroadcasting, cable, digital technologiesBusiness investment and capitalCapital gains taxCongressional oversightCorporate finance and managementFederal Communications Commission (FCC)Government studies and investigationsIncome tax deductionsIncome tax deferralLicensing and registrationsMinority and disadvantaged businessesWomen in business