S. 2319 — Reported in Senate

II Calendar No. 579 114th CONGRESS 2d Session S. 2319 IN THE SENATE OF THE UNITED STATES November 19, 2015Mr. Thune introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation August 30, 2016Reported under authority of the order of the Senate of July 14, 2016, by Mr. Thune, without amendment A BILL To amend the Communications Act of 1934. 1. Deposits for spectrum auctions Section 309(j)(8)(C) of the Communications Act of 1934 (47 U.S.C. 309(j)(8)(C)) is amended to read as follows: (C) Deposits Any deposits the Commission may require for the qualification of any person to bid in a system of competitive bidding pursuant to this subsection shall be deposited in the Treasury. Within 45 days following the conclusion of the competitive bidding— (i) the deposits of successful bidders shall be credited to the deposit fund of the Treasury, except as otherwise provided in subparagraphs (D)(ii), (E)(ii), (F), and (G); and (ii) the deposits of unsuccessful bidders shall be returned to such bidders. . August 30, 2016Reported without amendment