Commission may grant a waiver of paragraph (a) or (b) of section 73.3555 of title 47, Code of Federal Regulations, to a licensee of a broadcast station to enable the licensee to acquire an interest that would otherwise be prohibited by such paragraph in a broadcast station that is owned by socially and economically disadvantaged individuals. (2) Report to Congress The Commission shall submit to Congress a report on the effectiveness of the program established under paragraph (1) not later than the date that is 4 years after the date on which the Commission establishes the program under such paragraph. (3) Sunset The Commission may not grant a waiver under paragraph (1) after the date that is 5 years after the date on which the Commission establishes the program under such paragraph. (d) Definitions In this section: (1) Broadcast station The term broadcast station has the meaning given such term in section 3 of the Communications Act of 1934 ( 47 U.S.C. 153 ). (2) Commission The term Commission means the Federal Communications Commission. (3) Owned by socially and economically disadvantaged individuals The term owned by socially and economically disadvantaged individuals has the meaning given such term in section 344 of the Communications Act of 1934, as added by subsection (b). 5005. Permanent increase of limitation on deduction for start-up and organizational expenditures (a) Start-Up expenditures (1) In general Section 195(b)(1)(A)(ii) of the Internal Revenue Code of 1986 is amended— (A) by striking $5,000 and inserting $15,000 , and (B) by striking $50,000 and inserting $150,000 . (2) Conforming amendment Section 195(b) of such Code is amended by striking paragraph (3). (b) Organizational expenditures Section 248(a)(1)(B) of such Code is amended— (1) by striking $5,000 and inserting $10,000 , and (2) by striking $50,000 and inserting $60,000 . (c) Effective date The amendments made by this section shall apply to amounts paid or incurred with respect to— (1) in the case of the amendments made by subsection