Broadcast Licensing, Renewal, and Deregulation Act of 1981

[AI summary unavailable — showing source text] Broadcast Licensing, Renewal, and Deregulation Act of 1981 - Amends the Communications Act of 1934 to revise the method of determining whether to grant a petition to deny an application for a broadcast license. Requires a preliminary finding by the Federal Communications Commission (FCC) that the petition establishes a prima facie case that actions by the licensee evidence such serious disregard for the Communications Act and the rules of the FCC that a denial of the application is justified. Provides an opportunity for a reply by the licensee and for a rebuttal by the petitioner. Requires the FCC to determine, on the basis of the petition, reply, and rebuttal, whether the petition presents a substantial and material question of fact. Requires the FCC to hold a hearing if it finds that such a question is presented. Requires the FCC to decide whether to grant the application within a specified time. States that the FCC shall grant a renewal application by a radio or television broadcast licensee unless the licensee's actions evidence such serious disregard of the Communications Act and the rules of the FCC that denial of the application is justified. Requires the FCC to act upon a b…