Title: Government Spectrum Valuation Act of 2018
Policy area: Science, Technology, Communications

Summary:
Government Spectrum Valuation Act of 2018
This bill requires the National Telecommunications and Information Administration to determine the monetary value of electromagnetic spectrum assigned or allocated to federal entities.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3617 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3617

      To require the National Telecommunications and Information 
   Administration to determine the value of electromagnetic spectrum 
          assigned or otherwise allocated to Federal entities.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 14, 2018

  Mr. Lee (for himself and Mr. Markey) introduced the following bill; 
    which was read twice and referred to the Committee on Commerce, 
                      Science, and Transportation

_______________________________________________________________________

                                 A BILL


 
      To require the National Telecommunications and Information 
   Administration to determine the value of electromagnetic spectrum 
          assigned or otherwise allocated to Federal entities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Government Spectrum Valuation Act of 
2018''.

SEC. 2. DETERMINATION OF VALUE OF ELECTROMAGNETIC SPECTRUM.

    (a) In General.--Part A of the National Telecommunications and 
Information Administration Organization Act (47 U.S.C. 901 et seq.) is 
amended--
            (1) by redesignating section 105 (47 U.S.C. 904) as section 
        106; and
            (2) by inserting after section 104 (47 U.S.C. 903) the 
        following:

``SEC. 105. DETERMINATION OF VALUE OF ELECTROMAGNETIC SPECTRUM.

    ``(a) Definitions.--In this section--
            ``(1) the term `Federal entity' has the meaning given the 
        term in section 113(l); and
            ``(2) the term `OMB' means the Office of Management and 
        Budget.
    ``(b) Determination Required.--Not later than 1 year after the date 
of enactment of the Government Spectrum Valuation Act of 2018, and each 
year thereafter, the NTIA, in consultation with the Commission and OMB, 
shall determine the value of electromagnetic spectrum assigned or 
otherwise allocated to each Federal entity as of the date of the 
determination.
    ``(c) Scope.--The valuation under subsection (b) shall cover the 
frequencies between 3 kilohertz and 300 gigahertz.
    ``(d) Basis for Determination.--The NTIA shall base the value 
determination under subsection (b) on the value that the 
electromagnetic spectrum would have if the spectrum were reallocated 
for licensed or unlicensed commercial wireless services.
    ``(e) Agency Report on Value of Electromagnetic Spectrum.--A 
Federal entity that has been assigned or otherwise allocated use of 
electromagnetic spectrum within the range of frequencies described in 
subsection (c) shall report the value of the spectrum as determined 
under subsection (b)--
            ``(1) in the budget of the Federal entity to be included in 
        the budget of the United States Government submitted by the 
        President under section 1105 of title 31, United States Code; 
        and
            ``(2) in the annual financial statement of the Federal 
        entity required to be filed under section 3515 of title 31, 
        United States Code.''.
    (b) Technical and Conforming Amendments.--Section 103(b) of the 
National Telecommunications and Information Administration Organization 
Act (47 U.S.C. 902(b)) is amended--
            (1) in paragraph (1), by striking ``section 105(d)'' and 
        inserting ``section 106(d)''; and
            (2) in paragraph (2), in the matter preceding subparagraph 
        (A), by striking ``section 105(d)'' and inserting ``section 
        106(d)''.
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