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To: Rono who wrote (9456)	10/27/1999 7:27:00 PM
From: Rono	Respond to of 10227

October 27, 1999 Dow Jones Newswires Clinton Defends FCC Wireless Bankruptcy Move in Veto By MARK WIGFIELD WASHINGTON -- A sweeping veto message from President Bill Clinton on a House spending bill cites the bill's failure to address bankruptcy provisions sought by the Federal Communications Commission for its wireless auctions. In addition, Clinton said the Commerce, State and Justice Department Appropriations bill fails to provide the FCC with enough money for the current fiscal year. Nor does it contain the $9 million sought by the White House to help public television stations convert to digital broadcasting by May 1, 2003. A disastrous auction for wireless telecommunications providers in 1996 left $7 billion worth of licenses tied up in bankruptcy court. The cases include $4.7 billion in licenses purchased by Nextwave Telecom Inc. (X.NWV). That figure was reduced to $1 billion by a bankruptcy court in New York, which said the FCC waited too long before issuing the licenses. An FCC appeal of the decision is expected to be heard the first week in November. Inserted in the spending bill, the FCC's bankruptcy provision would have enabled the agency to reclaim the licenses and re-auction them. However, Congress removed the provision from the final version of the bill. It also gave the FCC a 9.3% budget increase rather than the 20% increase sought by the White House. Clinton's veto also focused on the bill's lack of funding to pay for the U.S.'s debt to the United Nations, international peacekeeping efforts and "community policing" programs. Clinton also criticized changes affecting a number of other programs, ranging from salmon protection, tobacco litigation, small business loans, legal services and civil rights.