reports to Congress (a) Biennial report containing recommendations for increasing number and value of broadcast stations owned by socially disadvantaged individuals Not later than 180 days after the date of enactment of this Act, and not less frequently than once every 2 years thereafter, the Commission shall submit to Congress a report containing recommendations for how to increase the total number, and the value, of broadcast stations that are owned by socially disadvantaged individuals. (b) Biennial report on number of broadcast stations owned by socially disadvantaged individuals Not later than 180 days after the date of enactment of this Act, and not less frequently than once every 2 years thereafter, the Commission shall submit to Congress a report that identifies the total number of broadcast stations that are owned by socially disadvantaged individuals, based on data reported to the Commission on Form 323 of the Commission. 5. Tax certificate program for broadcast station transactions furthering ownership by socially disadvantaged individuals (a) Requirements for issuance of certificate by FCC (1) In general Part I of title III of the Communications Act of 1934 ( 47 U.S.C. 301 et seq. ) is amended by adding at the end the following: 346. Tax certificate program for broadcast station transactions furthering ownership by socially disadvantaged individuals (a) Definitions In this section: (1) Owned by socially disadvantaged individuals The term owned by socially disadvantaged individuals means, with respect to a broadcast station, that— (A) the station is more than 50 percent (or some other percentage determined by the Commission) owned by 1 or more socially disadvantaged individuals, or, in the case of any publicly traded broadcast station, more than 50 percent (or some other percentage determined by the Commission) of the securities of such station is owned by 1 or more socially disadvantaged individuals