Expanding Broadcast Ownership Opportunities Act of 2019

Summary

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

1. 25 July 2019

   Referred

   Referred to the Subcommittee on Communications and Technology.

   Source: Committee

2. 25 July 2019

   Introduced

   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.

   Source: IntroReferral

3. 25 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

5. 10 March 2020

   Committee

   Forwarded by Subcommittee to Full Committee by Voice Vote .

   Source: Committee

6. 10 March 2020

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

7. 9 September 2020

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

8. 9 September 2020

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 July 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 July 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 July 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 July 2019

  Open at official source

Sponsors

• G. K. Butterfield · D · Sponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Sponsor
• Tony Cárdenas · D · Sponsor
• BOBBY RUSH · D · Sponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
• ALCEE HASTINGS · D · Sponsor
• Rep. Kelly, Robin L. [D-IL-2] · D · Cosponsor
• Sheila Jackson Lee · D · Cosponsor
• Anna Eshoo · D · Cosponsor
• Val Demings · D · Cosponsor
• Rep. Meng, Grace [D-NY-6] · D · Cosponsor
• Jerry McNerney · D · Cosponsor
• Sen. Luján, Ben Ray [D-NM] · D · Cosponsor
• Rep. Tonko, Paul [D-NY-20] · D · Cosponsor
• Sen. Welch, Peter [D-VT] · D · Cosponsor
• Rep. Castor, Kathy [D-FL-14] · D · Cosponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Cosponsor
• Rep. Espaillat, Adriano [D-NY-13] · D · Cosponsor
• Marcia Fudge · D · Cosponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• Barbara Lee · D · Cosponsor
• Cedric Richmond · D · Cosponsor
• Rep. Moore, Gwen [D-WI-4] · D · Cosponsor
• LUCILLE ROYBAL-ALLARD · D · Cosponsor
• Rep. Soto, Darren [D-FL-9] · D · Cosponsor
• Sen. Blunt Rochester, Lisa [D-DE] · D · Cosponsor
• A. McEachin · D · Cosponsor
• MIKE DOYLE · D · Cosponsor
• Rep. Lieu, Ted [D-CA-36] · D · Cosponsor
• David Loebsack · D · Cosponsor
• Maxine Waters · D · Cosponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Cosponsor
• Anthony Brown · D · Cosponsor
• Ann Kuster · D · Cosponsor
• Rep. Omar, Ilhan [D-MN-5] · D · Cosponsor
• · hsif00 · Standing
• · hswm00 · Standing

Related records

• related to ← Expanding Broadcast Ownership Opportunities Act of 2019