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Provides minimum time requirements for candidate- or issue-centered broadcasts by stations.
Directs the Federal Communications Commission (FCC) to establish and administer a voucher program for the purchase of airtime for political advertisements on radio and television broadcast stations by eligible candidates and political party committees as certified by the FCC. Provides maximum voucher amounts for both candidates and political committees.. Allows such vouchers to be used exclusively for the purchase of airtime, but allows the transfer of vouchers between a political party and a candidate and vice versa. Requires the FCC to redeem all vouchers accepted by such stations. Provides for voucher expiration.
Directs the FCC to establish the Political Advertising Voucher Account and to collect and deposit into such Account an annual spectrum use fee based on a percentage of a station's gross revenues.
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No CBO cost estimate has been published for this bill.