[Congressional Record Volume 167, Number 42 (Friday, March 5, 2021)]
[Senate]
[Page S1381]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1358. Mr. LEE submitted an amendment intended to be proposed to 
amendment SA 891 proposed by Mr. Schumer (for himself, Mr. Wyden, Mrs. 
Murray, Mr. Brown, Mr. Peters, Mr. Cardin, Ms. Cantwell, Ms. Stabenow, 
Mr. Tester, Mr. Menendez, Mr. Schatz, Mr. Carper, Mr. Leahy, and Mr. 
Sanders) to the bill H.R. 1319, to provide for reconciliation pursuant 
to title II of S. Con. Res. 5; which was ordered to lie on the table; 
as follows:

        At the appropriate place in title VII, insert the 
     following:

     SEC. ____. SPECTRUM AUCTION.

       (a) Definition.--In this section, the term ``net 
     proceeds'', with respect to the use of a system of 
     competitive bidding under section 309(j) of the 
     Communications Act of 1934 (47 U.S.C. 309(j)), means the 
     proceeds remaining after subtracting all auction-related 
     expenditures, including--
       (1) relocation payments, including accelerated relocation 
     payments;
       (2) payments to incumbent licensees for the relinquishment 
     of all or a portion of the spectrum usage rights of those 
     licensees;
       (3) costs associated with the reallocation of spectrum, 
     whether on an exclusive or shared use basis;
       (4) relocation or sharing costs, including for planning for 
     relocation or sharing; and
       (5) bidding credits.
       (b) Identification of Spectrum.--The Assistant Secretary of 
     Commerce for Communications and Information shall identify 
     not less than 100 megahertz of electromagnetic spectrum that 
     the Federal Communications Commission can auction for 
     commercial purposes by July 31, 2024, to generate not less 
     than $10,000,000,000 in net proceeds.
       (c) Auction.--
       (1) In general.--Not later than July 31, 2024, the Federal 
     Communications Commission shall conduct a system of 
     competitive bidding under section 309(j) of the 
     Communications Act of 1934 (47 U.S.C. 309(j)) to award 
     licenses in the band or bands of electromagnetic spectrum 
     identified under subsection (b) of this section for 
     commercial purposes.
       (2) Use of proceeds for relocation or sharing costs.--
     Notwithstanding section 309(j)(8)(D)(i) of the Communications 
     Act of 1934 (47 U.S.C. 309(j)(8)(D)(i)), in the case of 
     proceeds attributable to the auction under paragraph (1) of 
     this subsection of any eligible frequencies described in 
     paragraph (2) of section 113(g) of the National 
     Telecommunications and Information Administration 
     Organization Act (47 U.S.C. 923(g)), only the portion of the 
     proceeds as is necessary to cover the relocation or sharing 
     costs (as defined in paragraph (3) of such section 113(g)) of 
     Federal entities relocated from those eligible frequencies 
     shall be deposited in the Spectrum Relocation Fund 
     established under section 118 of the National 
     Telecommunications and Information Administration 
     Organization Act (47 U.S.C. 928).
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