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Bill > HR4109


US HR4109

US HR4109
Spectrum Auction Deposits Act of 2017


summary

Introduced
10/24/2017
In Committee
10/27/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Spectrum Auction Deposits Act of 2017 This bill amends the Communications Act of 1934 to require the Department of the Treasury to accept bidding deposits for spectrum auctions held by the Federal Communications Commission. The deposits of successful bidders must be used for deficit reduction.

AI Summary

This bill amends the Communications Act of 1934 to require the Department of the Treasury to accept bidding deposits for spectrum auctions held by the Federal Communications Commission (FCC). The deposits of successful bidders must be used for deficit reduction, and the payments representing the return of such deposits shall not be subject to administrative offset under section 3716(c) of title 31, United States Code. The amendments made by this bill will take effect on October 1, 2018.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to the Subcommittee on Communications and Technology. (on 10/27/2017)

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