This bill requires the Federal Communications Commission (FCC) to ensure that spectrum allocation and assignment produces a balance between radio frequency bands available for: (1) exclusive licensing through an auction, and (2) unlicensed operations on a nonexclusive basis without the expectation of protection from interference.

The FCC must consider whether to adopt rules that permit unlicensed operations in spectrum assigned by auction until the licensee brings the spectrum into use by initiating commercial service.

The bill declares that it is the policy of the United States to:

• maximize the utility of the spectrum resources of the United States,
• advance innovation and investment in wireless broadband services, and
• promote a balanced spectrum policy that makes adequate spectrum resources available for both licensed and unlicensed technologies.

The FCC must consult with the National Telecommunications and Information Administration (NTIA) to develop a national strategy for making additional radio frequency bands available for unlicensed operations. The strategy must: (1) identify proposed radio frequency bands to be cleared of incumbent users; (2) ensure that consumers have access to additional low-, mid-, and high-band frequencies for unlicensed operations; and (3) consider rules and other ways to promote spectrum sharing and improve spectrum utilization.

The NTIA, in conjunction with the FCC and the Office of Management and Budget, must submit to Congress a report on the steps necessary to designate additional radio frequency bands used by federal entities for unlicensed operations without causing harmful interference to government operations. The report must consider the impact on homeland security or national security communications and include recommendations to ensure the solvency of the Spectrum Relocation Fund.