legislation: 106-hr-3498

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
106-hr-3498 106 hr 3498 Telecommunications Development Fund Improvement Act Science, Technology, Communications 1999-11-18 1999-12-03 Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection. House Rep. Towns, Edolphus [D-NY-10] NY D T000326 4 Telecommunications Development Fund Improvement Act - Amends the Communications Act of 1934 to require any down payment that the Federal Communications Commission (FCC) may require any bidder to submit before issuance of a station license or construction permit in a system of competitive bidding to be deposited in an interest-bearing account at a financial institution designated by the FCC. Requires, within 45 days following the issuance of such a license or permit: (1) the down payments of successful bidders be paid to the Treasury; and (2) the interest accrued to the account be transferred to the Telecommunications Development Fund to be used for purposes designated under the Small Business Investment Act of 1958. 2025-08-20T14:21:07Z  

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