,,ii  #aaeth ,,congress  #b;d ,session  
,s4 #cfag  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #ad1 
#bjah ,mr4 ,lee 7for himself and ,mr4   
,markey7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,commerce1 ,science1 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 entities4  #a4 ,short title
 ,this ,act may be cited as the         
,government ,spectrum ,valuation ,act of
 #bjah4  #b4 ,determination of value of 
electromagnetic spectrum  7a7 ,in       
general ,part ,a of the ,national       
,telecommunications and ,information    
,administration ,organization ,act 7#dg 
,u4,s4,c4 #ija et seq47 is amended--    
7#a7 by redesignating section #aje 7#dg 
,u4,s4,c4 #ijd7 as section #ajf2 and    
7#b7 by inserting after section #ajd    
7#dg ,u4,s4,c4 #ijc7 the following3     

#aje4 ,determination of value of        
electromagnetic spectrum  7a7           
,definitions ,in this section-- 7#a7 the
 term ,federal entity has the meaning   
given the term in section #aac7l72 and  
7#b7 the term ,,omb means the ,office of
 ,management and ,budget4  7b7          
,determination required ,not later than 
#a year after the date of enactment of  
the ,government ,spectrum ,valuation    
,act of #bjah1 and each year thereafter1
 the ,,ntia1 in consultation with the   
,commission and ,,omb1 shall determine  
the value of electromagnetic spectrum   
assigned or otherwise allocated to each 
,federal entity as of the date of the   
determination4  7c7 ,scope ,the         
valuation under subsection 7b7 shall    
cover the frequencies between #c        
kilohertz and #cjj gigahertz4  7d7      
,basis for determination ,the ,,ntia    
shall base the value determination under
 subsection 7b7 on the value that the   
electromagnetic spectrum would have if  
the spectrum were reallocated for       

licensed or unlicensed commercial       
wireless services4  7e7 ,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 7c7 shall report the value of
 the spectrum as determined under       
subsection 7b7--  7#a7 in the budget of 
the ,federal entity to be included in   
the budget of the ,united ,states       
,government submitted by the ,president 
under section #aaje of title #ca1       
,united ,states ,code2 and  7#b7 in the 
annual financial statement of the       
,federal entity required to be filed    
under section #ceae of title #ca1       
,united ,states ,code4  4  7b7          
,technical and conforming amendments    
,section #ajc7;b7 of the ,national      
,telecommunications and ,information    
,administration ,organization ,act 7#dg 
,u4,s4,c4 #ijb7;b77 is amended--  7#a7  
in paragraph 7#a71 by striking section  

#aje7;d7 and inserting section #ajf7;d72
 and  7#b7 in paragraph 7#b71 in the    
matter preceding subparagraph 7,a71 by  
striking section #aje7;d7 and inserting 
section #ajf7;d74