Bill > S2319

Introduced Session

A bill to amend the Communications Act of 1934. This bill amends the Communications Act of 1934 to require any deposits that the Federal Communications Commission may require for the qualification of bidders in a system of competitive bidding for spectrum licenses to be deposited directly in the Treasury instead of in an interest bearing account at a financial institution. The bill removes a provision that requires the interest accrued to such a financial institution account to be dedicated for the sole purpose of deficit reduction. The deposits of successful bidders must be credited to the deposit fund of the Treasury, unless existing exceptions apply.

Committee Categories

John Thune (R)*, 

Placed on Senate Legislative Calendar under General Orders. Calendar No. 579. (on 08/30/2016)

Official Document