H.R.4738 - To facilitate the ability of certain spectrum auction winners to pursue alternative measures required in the public interest to meet the needs of wireless telecommunications consumers.107th Congress (2001-2002)
|Sponsor:||Rep. Stearns, Cliff [R-FL-6] (Introduced 05/15/2002)|
|Committees:||House - Energy and Commerce|
|Latest Action:||09/09/2002 Sponsor introductory remarks on measure. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4738 — 107th Congress (2001-2002)All Information (Except Text)
Requires the Federal Communications Commission (FCC), within 15 days after the enactment of this Act, to return to the winning bidders of spectrum auction 35 the full amount of all deposits and down payments made for licenses that the FCC has not delivered by such date.
Introduced in House (05/15/2002)
Frees each winning bidder that elects within such period to relinquish a license not yet delivered of all license obligations such bidder would otherwise have had, including the obligation to pay the full amount of its winning bid upon license delivery.