House Majority Leader Armey (R-Tex.) said Tues. he expected to in...
House Majority Leader Armey (R-Tex.) said Tues. he expected to introduce legislation this week to codify settlement proposed by govt. and bankrupt carrier NextWave. Proposal, which received mixed reaction from members in recent hearings (CD Dec 12 p1), would…
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require NextWave to return wireless licenses to govt. in exchange for nearly $6 billion, measure that also would put $10 billion in U.S. Treasury from spectrum re-auctioned earlier this year. Staffer said Armey was considering introducing legislation either as standalone bill or attached to another bill. Proposal would require congressional action by year-end, but House supporters and opponents have said that was unlikely, and Senate Commerce Committee Chmn. Hollings (D-S.C.) and ranking Republican McCain (Ariz.) jointly have expressed opposition (CD Dec 7 p1) while making clear that they wouldn’t hold hearings on issue until next year.