Expanding Broadcast Ownership Opportunities Act of 2019

Hozzl · 2022-11-01T13:50:21Z

Explore the details of House Bill 3957 Expanding Broadcast Ownership Opportunities Act of 2019 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Science, Technology, Communications. Stay informed on legislative developments.

11/1/2022, 1:50 PM

Congressional Summary of HR 3957

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 3957

Bill HR 3957 is currently in the status of Bill Introduced since July 25, 2019. Bill HR 3957 was introduced during Congress 116 and was introduced to the House on July 25, 2019. Bill HR 3957's most recent activity was Ordered to be Reported (Amended) by Voice Vote. as of September 9, 2020

Bipartisan Support of Bill HR 3957

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3957

Primary Policy Focus

Science, Technology, Communications

Potential Impact Areas

- Administrative law and regulatory procedures

- Broadcasting, cable, digital technologies

- Business investment and capital

- Capital gains tax

- Congressional oversight

- Corporate finance and management

- Federal Communications Commission (FCC)

- Government studies and investigations

- Income tax deductions

- Income tax deferral

- Licensing and registrations

- Minority and disadvantaged businesses

- Women in business

Alternate Title(s) of Bill HR 3957

Expanding Broadcast Ownership Opportunities Act of 2019

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

Expanding Broadcast Ownership Opportunities Act of 2019