; and (ii) include the failure in the report to Congress submitted under subsection (e) that covers the period during which the failure occurred. (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 this Act, the Commission shall issue rules to implement section 346 of the Communications Act of 1934, as added by paragraph (1). (3) Report to Congress on program expansion Not later than 6 years after the date of enactment of this Act, the Commission shall submit to Congress a report regarding whether Congress should expand section 346 of the Communications Act of 1934, as added by paragraph (1), beyond broadcast stations to cover other entities regulated by the Commission. (4) Examination and report to Congress on nexus between diversity of ownership and diversity of viewpoint (A) Examination Not later than 60 days after the date of enactment of this Act, the Commission shall initiate an examination of whether there is a nexus between diversity of ownership or control of broadcast stations (including ownership or control by members of minority groups or women, or by both members of minority groups and women) and diversity of the viewpoints expressed in the matter that is broadcast by broadcast stations. (B) Report to Congress Not later than 2 years after the date of enactment of this Act, the Commission shall submit to Congress a report on the findings of the Commission in the examination under subparagraph (A), including supporting data. (b) Nonrecognition of gain or loss for tax purposes (1) In general Subchapter O of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after part IV the following new part: V Sale of interest in certain broadcast stations 1071. Nonrecognition of gain or loss from sale of interest in certain broadcast stations (a)