1. Time limits for Commission action on transfers and assignments Title IV of the Communications Act of 1934 ( 47 U.S.C. 401 et seq.) is amended by adding at the end the following: 417. Time limits for Commission action on transfers and assignments (a) Definition In this section, the term covered application means an application for the transfer of control or assignment of any license or authorization subject to the jurisdiction of the Commission. (b) Requirements (1) In general Notwithstanding any other provision of law, including section 309(e), the Commission— (A) shall approve or deny a covered application; and (B) may not designate a covered application for hearing, unless the Commission first determines by a majority vote that a material factual question exists about misrepresentation or lack of candor by the applicant. (2) Determination Except as provided in paragraph (3), the Commission shall make a determination to approve or deny a covered application during the period that begins on the date on which the applicants provide to the Commission the last submission relating to the application before the Commission issues the initial public notice seeking comment on the application and ends 180 days thereafter. (3) Extensions (A) In general (i) Request During the 180-day review period described under paragraph (2)(A), the Commission may apply to the United States District Court for the District of Columbia for an extension of that period for an additional 30 days by filing a motion to extend that references this section. (ii) Court determination The court may grant an extension of the 180-day review period requested under clause (i) if— (I) the court finds that the applicants for the transfer of control or assignment have not substantially complied in a timely manner with a reasonable request by the Commission for information; (II) the Commission shows, by clear and convincing evidence, that the Commission is unable to complete review within the 180-day review period