Expeditious Action on Telecommunications Merger Act - Requires Federal Communications Commission (FCC) consideration of any application for a transfer of license, or for the acquisition and operation of lines, that is associated with an acquisition of voting securities or assets to be governed by the schedule set forth in this Act. Directs the FCC to complete consideration of: (1) an application that would result in the acquiring person holding 15 percent or more of the voting securities or assets of the acquired person, or an aggregate total amount of the voting securities and assets of the acquired person in excess of $15 million, not later than 180 days after receipt of the application unless, by majority vote, it extends the period by not more than 60 days; and (2) any other such application not later than 90 days after receipt unless it extends the period by not more than 30 days. Specifies that if the FCC does not approve, approve with modifications, or deny an application by that date, the application shall be deemed approved without modifications.
Expeditious Action on Telecommunications Merger Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to senate with amendment(s) (Jul 1, 1999)
Expeditious Action on Telecommunications Merger Act - Requires Federal Communications Commission (FCC) consideration of any application for a transfer of license, or for the acquisition and operation of lines, that is associated with an acquisition of voting securities or assets to be governed by the schedule set forth in this Act. Directs the FCC to complete consideration of: (1) an application that would result in the acquiring person holding 15 percent or more of the voting securities or assets of the acquired person, or an aggregate total amount of the voting securities and assets of the acquired person in excess of $15 million, not later than 180 days after receipt of the application unless, by majority vote, it extends the period by not more than 60 days; and (2) any other such application not later than 90 days after receipt unless it extends the period by not more than 30 days. Specifies that if the FCC does not approve, approve with modifications, or deny an application by that date, the application shall be deemed approved without modifications.
What just happenedJul 1, 1999
Placed on Senate Legislative Calendar under General Orders. Calendar No. 192.
Who’s behind it
- Jul 1, 1999Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 192.
- Jul 1, 1999Committee
Committee on Judiciary. Reported to Senate by Senator Hatch with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Judiciary Committee - Jul 1, 1999Committee14000
Committee on Judiciary. Reported to Senate by Senator Hatch with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Judiciary Committee - Jul 1, 1999Committee
Committee on Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.
Judiciary Committee - May 6, 1999Committee
Subcommittee on Antitrust and Business. Approved for full committee consideration with an amendment in the nature of a substitute favorably.
Antitrust, Competition Policy, and Consumer Rights Subcommittee - Apr 13, 1999Committee
Subcommittee on Antitrust, Business Rights, and Competition. Hearings held. With printed Hearing: S.Hrg. 106-405.
Antitrust, Competition Policy, and Consumer Rights Subcommittee - Mar 24, 1999Committee
Referred to Subcommittee on Antitrust and Business.
Antitrust, Competition Policy, and Consumer Rights Subcommittee - Feb 25, 1999IntroReferral
Read twice and referred to the Committee on Judiciary.
Judiciary Committee - Feb 25, 1999IntroReferral10000
Introduced in Senate
Antitrust Merger Review Act - Amends provisions of the Clayton Act regarding premerger notification and waiting period to: (1) exempt certain transactions which require Federal agency approval under the Home Owners' Loan Act; and (2) set forth procedures by which the Federal Communications Commission shall consider an application for a transfer of license, or the acquisition and operation of lines, associated with an acquisition subject to such Act.