Interest on funds provided to Federal Communications Commission
Division A — Department of Defense Authorizations › Title XVII — Other Defense Matters › Subtitle B — Other Matters
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(a) In general The Secretary of the Treasury may not charge interest on funds borrowed by the Federal Communications Commission under section 5404(c) of the Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025 (Public Law 118–159; 138 Stat. 2451). (b) Return of interest Any interest described in subsection (a) collected by the Secretary of the Treasury before the date of the enactment of this Act shall be returned to the Federal Communications Commission for use by the Commission for the purpose described in, and consistent with, section 5404(c) of the Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025 (Public Law 118–159; 138 Stat. 2451) as though such interest had not been paid to the Secretary. (c) Unpaid interest The obligation of the Federal Communications Commission to pay any unpaid interest that has accrued on the funds described in subsection (a) is terminated.