Summary: H.R.4738 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.4738. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/15/2002)

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.

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.