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United States · Bill · S

S. 1854 (108th)

Digital Opportunity Investment Trust Act

referredUnited States· United States Congress· EN

Introduced

12 November 2003

Last action

12 November 2003 · Introduced

Status

Read twice and referred to the Committee on Commerce, Science, and Transportation.

Sponsors

Sen. Dodd, Christopher J. [D-CT], Sen. Snowe, Olympia J. [R-ME], Sen. Durbin, Richard J. [D-IL]

Subjects

Taxation

Source updated

18 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Digital Opportunity Investment Trust Act - Establishes the Digital Opportunity Investment Trust (the Trust), which shall receive 30 percent of the cash payment received by the Federal Government each fiscal year quarter through FY 2020 from auctions of the publicly owned electromagnetic spectrum and fees derived from the use of such spectrum. Establishes a Board to oversee administration of Trust funds. Establishes a Director of the Trust. Provides authorized Trust uses. Allows the Director of the Trust to award contracts and grants to nonprofit public institutions (with or without private partners) for innovative and experimental ideas and techniques to enhance learning and achieve specified related goals. Directs the Director to invest funds of the Trust in U.S. interest bearing or U.S.-guaranteed obligations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 November 2003

    Introduced

    Read twice and referred to the Committee on Commerce, Science, and Transportation.

    Source: IntroReferral

  2. 12 November 2003

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 12 November 2003

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 12 November 2003

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 12 November 2003

    Open at official source

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Sponsors

Related records

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Sources

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