; and (II) by striking 623(f) and inserting 623(b) ; (ii) in subparagraph (B), by striking , and section 325 of title III, ; and (iii) in subparagraph (C)— (I) by striking sections 612 and 617 and inserting section 617 ; and (II) by striking 623(f) and inserting 623(b) . 4. Binding arbitration Section 325 of the Communications Act of 1934, as amended by sections 2 and 3, is further amended by adding at the end the following: (g) Binding arbitration (1) Requirement Beginning on the date that is 90 days after the date on which this subsection takes effect, the Commission shall, by regulation— (A) provide that the Commission may require a television broadcast station and multichannel video programming distributor negotiating a marketplace agreement (and any large station group or qualified MVPD buying group negotiating for a marketplace agreement on behalf of a television broadcast station or multichannel video programming distributor, respectively) to submit to binding arbitration— (i) upon— (I) a declaration of an impasse in negotiations by all parties negotiating the agreement; (II) a preliminary finding by the Commission of a violation of the good faith requirement under subsection (f)(1)(A)(i); or (III) the failure of the television broadcast station and multichannel programming distributor (or any large station group or qualified MVPD buying group negotiating for a marketplace agreement on behalf of a television broadcast station or multichannel video programming distributor, respectively) to reach a marketplace agreement by the date that is 60 days after the date on which a marketplace agreement entered into by the television broadcast station and the multichannel video programming distributor (or by any large station group or qualified MVPD buying group negotiating for a marketplace agreement on behalf of a television broadcast station or multichannel video programming distributor, respectively) expires