FCC Returns $881 Million in Unused Funds to Treasury

FCC Returns $881 Million in Unused Funds to Treasury

The $881 million is leftover money from a much larger pot Congress created to compensate broadcasters and other entities affected by the spectrum reshuffling. The post FCC Returns $881 Million in Unused Funds to Treasury first appeared on Le·gal In·sur·rec·tion.

FCC Returns $881 Million From Repacking Fund to Treasury

The FCC returned $881 million in remaining funds from the TV Broadcaster Relocation Fund to the U.S. Treasury, the agency said in a news release late Wednesday. The $2.75 billion fund was created by Congress in 2018 to reimburse broadcasters...