POSTPONEMENT OF GAIN FROM SALE OR EXCHANGE TO EFFECTUATE FEDERAL COMMUNICATIONS COMMISSION POLICIES.

SEC. 48. POSTPONEMENT OF GAIN FROM SALE OR EXCHANGE TO EFFECTUATE FEDERAL COMMUNICATIONS COMMISSION POLICIES. (a) Requirement of Change in Policy.—Section 1071 (a) (relating to gain from sale or exchange to effectuate policies of Federal Communications Commission) is amended by striking out “necessary or appropriate to effectuate the policies of the Commission” and inserting in lieu thereof “necessary or appropriate to effectuate a change in a policy of, or the adoption of a new policy by, the Commission”. (b) Effective Date.—The amendment made by subsection (a) shall apply with respect to any sale or exchange after December 31, 1957.