S. 1854 · 108th Congress
Digital Opportunity Investment Trust Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DoddSponsor2 cosponsors · 1 D, 1 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Digital Opportunity Investment Trust Act - Establishes the Digital Opportunity Investment Trust (the Trust), which shall receive 30 percent of the cash payment received by the Federal Government each fiscal year quarter through FY 2020 from auctions of the publicly owned electromagnetic spectrum and fees derived from the use of such spectrum.
What it does: CRS summary · Introduced in Senate · Nov 12, 2003
Establishes a Board to oversee administration of Trust funds.
Establishes a Director of the Trust. Provides authorized Trust uses.
Allows the Director of the Trust to award contracts and grants to nonprofit public institutions (with or without private partners) for innovative and experimental ideas and techniques to enhance learning and achieve specified related goals.
Directs the Director to invest funds of the Trust in U.S. interest bearing or U.S.-guaranteed obligations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Digital Opportunity Investment Trust Act
Latest action (Nov 12, 2003): Read twice and referred to the Committee on Commerce, Science, and Transportation.
Policy area: Science, Technology, Communications · Origin: Senate · Introduced: Nov 12, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.