; or (B) an individual who has been subjected to racial or ethnic prejudice or cultural bias because of the identity of the individual as a member of a group, without regard to the individual qualities of the individual. (b) Issuance of certificate by Commission Subject to the rules adopted by the Commission under subsection (d), upon application by a person that engages in a sale described in subsection (c), the Commission shall issue to that person a certificate stating that the sale meets the requirements of this section. (c) Sales described A sale described in this subsection is either of the following: (1) A sale of an interest in a broadcast station that results in the station being owned by socially disadvantaged individuals. (2) In the case of a person that has contributed capital in exchange for an interest in a broadcast station that is owned by socially disadvantaged individuals, a sale by that person of some or all of that interest. (d) Rules The Commission shall adopt rules for the issuance of a certificate under subsection (b) that provide for the following: (1) A limit on the value of an interest the sale of which qualifies for the issuance of such a certificate, which shall be not less than $10,000,000 and not greater than $50,000,000. (2) In the case of a sale described in subsection (c)(1), a minimum period of not longer than 3 years after the sale during which the broadcast station shall remain owned by socially disadvantaged individuals. (3) A limit on the total number of sales or the total value of sales, or both, for which a person may be issued certificates under subsection (b). (4) Requirements for participation by socially disadvantaged individuals in the management of the broadcast station. (e) Annual report to Congress The Commission shall submit to Congress an annual report describing the sales for which certificates have been issued under subsection (b) during the period covered by the report. . (2) Deadline for issuance of rules Not later than 1 year after the date of enactment of