House Subcommittee Moves Against Cross-Ownership
June 19, 2008 at 5:26 AM (PT)
The House Appropriations Financial Services Subcommittee has tacked a measure blocking a loosening of the FCC's cross-ownership rules to an appropriations bill, with the measure now scheduled for markup by the full committee next week.
The provision, offered by Rep. JOSE SERRANO (D-NY) and approved with the bill by voice vote in the subcommittee TUESDAY, blocks funding for any move by the FCC to institute the rule change.
The Senate approved a "resolution of disapproval" to nullify the cross-ownership rule change in MAY (NET NEWS 5/15).