PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Telecommunications and the Internet.
Congressional Research Service
Version 00 · Introduced in House · Feb 12, 2003
Telecommunications Development Fund Improvement Act of 2003 - 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 to be paid to the Treasury; and (2) the interest accrued to the account to be transferred to the Telecommunications Development Fund.Makes this Act inapplicable to down payments of any successful bidder in the FCC's C and F block broadband personal communications service spectrum auction (known as auction 35) or related claims.
People & committees
Rep. Towns, Edolphus [D-NY-10] · D–NY
Legislative record
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Referred to the Subcommittee on Telecommunications and the Internet.
Referred to the House Committee on Energy and Commerce.
Introduced in House
Introduced in House
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Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.
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