HR 7624 RFS
‘‘(1) COVERED SPECTRUM.—The term ‘covered 
spectrum’ means— 
‘‘(A) electromagnetic spectrum for which 
usage rights are assigned to or authorized for 
(including before the date on which the incum-
bent informing capability required by subsection 
(a) is implemented) a non-Federal user or class 
of non-Federal users for use on a shared basis 
with an incumbent Federal entity in accordance 
with the rules of the Commission; and 
‘‘(B) electromagnetic spectrum allocated 
on a primary or co-primary basis for Federal 
use that is shared among Federal entities. 
‘‘(2) FEDERAL ENTITY.—The term ‘Federal en-
tity’ has the meaning given such term in section 
113(l). 
‘‘(3) INCUMBENT
INFORMING
CAPABILITY.— 
The term ‘incumbent informing capability’ means a 
capability to facilitate the sharing of covered spec-
trum. 
‘‘(e) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to alter or expand the authority 
of the NTIA as described in section 113(j)(1).’’. 
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TITLE V—EXTENSION OF FCC 
AUCTION AUTHORITY 
SEC. 501. EXTENSION OF FCC AUCTION AUTHORITY. 
(a) IN GENERAL.—Section 309(j)(11) of the Commu-
nications Act of 1934 (47 U.S.C. 309(j)(11)) is amended 
by striking ‘‘September 30, 2022’’ and inserting ‘‘March 
31, 2024’’. 
(b) DEPOSIT OF PROCEEDS.— 
(1) IN
GENERAL.—Notwithstanding subpara-
graphs (A), (C)(i), (D), and (G)(iii) of section 
309(j)(8) of the Communications Act of 1934 (47 
U.S.C. 309(j)(8)) and except as provided in sub-
paragraph (B) of such section, the proceeds (includ-
ing deposits and upfront payments from successful 
bidders) of any system of competitive bidding de-
scribed in paragraph (2) (in this paragraph referred 
to as the ‘‘covered proceeds’’) shall be deposited as 
follows: 
(A) In the case of covered proceeds attrib-
utable to eligible frequencies described in sub-
section (g)(2) of section 113 of the National 
Telecommunications and Information Adminis-
tration Organization Act (47 U.S.C. 923), such 
amount of such proceeds as is necessary to 
cover the relocation or sharing costs (as defined 
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in subsection (g)(3) of such section) of Federal 
entities (as defined in subsection (l) of such sec-
tion) relocated from or sharing such eligible fre-
quencies shall be deposited in the Spectrum Re-
location Fund established under section 118 of 
such Act (47 U.S.C. 928). Any remainder of 
such proceeds shall be deposited in the Public 
Safety and Secure Networks Fund established 
by section 601 of this Act. 
(B) In the case of covered proceeds attrib-
utable to spectrum usage rights made available 
through an incentive auction under subpara-
graph (G) of section 309(j)(8) of the Commu-
nications Act of 1934 (47 U.S.C. 309(j)(8)), 
such amount of such proceeds as the Federal 
Communications Commission has agreed to 
share with licensees under such subparagraph 
shall be shared with such licensees. Any remain-
der of such proceeds shall be deposited in the 
Public Safety and Secure Networks Fund es-
tablished by section 601 of this Act. 
(C) Any other covered proceeds shall be 
deposited in the Public Safety and Secure Net-
works Fund established by section 601 of this 
Act. 
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(2) SYSTEM
OF
COMPETITIVE
BIDDING
DE-
SCRIBED.—A system of competitive bidding de-
scribed in this paragraph is any system of competi-
tive bidding under section 309(j) of the Communica-
tions Act of 1934 (47 U.S.C. 309(j)) that is con-
cluded during the period beginning on July 1, 2022, 
and ending on March 31, 2024, except for the sys-
tem of competitive bidding required by section 
101(b)(3)(A) of this Act. 
TITLE VI—PUBLIC SAFETY AND 
SECURE NETWORKS FUND 
SEC. 601. PUBLIC SAFETY AND SECURE NETWORKS FUND. 
(a) ESTABLISHMENT.—There is established in the 
Treasury of the United States a fund to be known as the 
‘‘Public Safety and Secure Networks Fund’’ (in this sec-
tion referred to as the ‘‘Fund’’). 
(b) ACCOUNTING
FOR FEDERAL BUDGET BASE-
LINE.— 
(1) PROCEEDS OF AUCTION OF 2496–2690 MHZ 
BAND.—In the case of the proceeds of any system of 
competitive bidding under section 309(j) of the Com-
munications Act of 1934 (47 U.S.C. 309(j)) with re-
spect to the frequencies between 2496 megahertz 
and 2690 megahertz, inclusive, that are deposited in 
the Fund as required by section 501(b) of this Act, 
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the first $1,800,000,000 of such proceeds shall be 
deposited in the general fund of the Treasury, where 
such amounts shall be dedicated for the sole purpose 
of deficit reduction. The remainder of such proceeds 
shall be available or deposited under subsection (c). 
(2) PROCEEDS OF REQUIRED AUCTION OF 3.1– 
3.45 GHZ BAND.—In the case of the proceeds of the 
system of competitive bidding required by subpara-
graph (A) of section 101(b)(3) that are deposited in 
the Fund as required by subparagraph (D) of such 
section, the first $17,300,000,000 of such proceeds 
shall be deposited in the general fund of the Treas-
ury, where such amounts shall be dedicated for the 
sole purpose of deficit reduction. The remainder of 
such proceeds shall be available or deposited under 
subsection (c). 
(c) USE OF FUNDS.—Except as provided in sub-
section (b), as amounts are deposited in the Fund, such 
amounts shall be available or deposited as follows: 
(1) $3,080,000,000 shall be available to the 
Federal Communications Commission until expended 
to carry out the program established under section 
4 of the Secure and Trusted Communications Net-
works Act of 2019 (47 U.S.C. 1603). 
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(2) After the amount required to be made avail-
able by paragraph (1) is so made available, 
$10,000,000,000 shall be available to the Assistant 
Secretary of Commerce for Communications and In-
formation until expended to carry out sections 159, 
160, and 161 of the National Telecommunications 
and Information Administration Organization Act, 
as added by section 301(a) of this Act, except that 
not more than 4 percent of the amount made avail-
able by this paragraph may be used for administra-
tive purposes (including carrying out such sections 
160 and 161). 
(3) After the amount required to be made avail-
able by paragraph (2) is so made available, 
$117,400,000 shall be available to the Assistant Sec-
retary of Commerce for Communications and Infor-
mation until expended to carry out section 120 of 
the National Telecommunications and Information 
Administration Organization Act, as added by sec-
tion 401 of this Act. 
(4) After the amount required to be made avail-
able by paragraph (3) is so made available, any re-
maining amounts deposited in the Fund shall be de-
posited in the general fund of the Treasury, where 
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