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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Expanding Broadcast Ownership Opportunities Act of 2019

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to direct the Federal Communications Commission to take certain actions to increase diversity of ownership in the broadcasting industry, and for other purposes.

Actions Overview (1)

08/01/2019Introduced in Senate

All Actions (1)

08/01/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Schatz, Brian [D-HI]* 08/01/2019

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance08/01/2019 Referred to

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Subjects (1)

Latest Summary (1)

There is one summary for S.2433. View summaries

Shown Here:
Introduced in Senate (08/01/2019)

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.