Digital Opportunity Investment Trust Act, 2002

On June 10, 2002, Sens. Christopher Dodd and James Jeffords introduced a bill (S. 2603) to authorize the investment of spectrum auction proceeds in public-service content for digital media, apparently inspired in part by the Digital Promise Project of 1991. Rep. Edward Markey earlier introduced a similar bill in the House. The Senate bill was referred to the Committee on Health, Education, Labor and Pensions.

Markey, Dodd will back trust fund for digital content

A bill introduced in the House May 2 brings the DOIT proposal for a trust fund supporting digital educational content one step closer to “done it.” The legislation introduced by Rep. Ed Markey (D-Mass.) proposes to invest proceeds from spectrum auctions in a permanent trust fund for that purpose. Sen. Christopher Dodd (D-Conn.) is preparing a similar bill in the Senate, earmarking 50 percent of all future auction proceeds for such a fund. Markey’s Wireless Technology Investment and Digital Dividends Act (H.R. 4641) also provides for up to $300 million in funding for public broadcasting’s digital conversion. The bill looks very much like the trust fund proposed last April by the Digital Promise Project led by former PBS President Lawrence Grossman and ex-FCC Chairman Newton Minow.

Wireless Technology Investment and Digital Dividends Act, 2002

On May 2, 2002, Rep. Edward J. Markey (D-Mass.) introduced a bill to authorize the investment of spectrum auction proceeds in public-service content for digital media, apparently inspired in part by the Digital Promise Project of 1991. See also his remarks about the bill and Current coverage of the bill. The bill was referred to the House Committee on Energy and Commerce. A BILLTo allocate spectrum for the enhancement of wireless telecommunications, and to invest wireless spectrum auction proceeds for the military preparedness and educational preparedness of the United States for the digital era, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1.