,,ii  #aagth ,,congress  #ast ,session  
,s4 #eib  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #d1 #bjba,mr4
 ,wicker 7for himself and ,mrs4         
,blackburn7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,commerce1         
,science1 and ,transportation  ,a ,,bill
  ,to establish a reserve fund for the  
proceeds of the ,c-band auction         
conducted by the ,federal               
,communications ,commission4  #a4 ,short
 title ,this ,act may be cited as the   
,broadband ,reserve ,fund ,act of #bjba4
  #b4 ,broadband and connectivity       
reserve fund  7a7 ,definitions ,in this 
section-- 7#a7 the term ,assistant      
,secretary means the ,assistant         
,secretary of ,commerce for             
,communications and ,information2 and   
7#b7 the term ,commission means the     
,federal ,communications ,commission4   
7b7 ,establishment of reserve fund  7#a7
 ,in general ,there is established in   
the ,treasury of the ,united ,states a  

fund to be known as the ,broadband      
,reserve ,fund 7referred to in this     
section as the ,fund74  7#b7            
,availability  7,a7 ,in general ,amounts
 deposited in the ,fund shall remain    
available through fiscal year #bjcj4    
7,b7 ,use for deficit reduction ,any    
amounts remaining in the ,fund after the
 end of fiscal year #bjcj shall be      
deposited in the general fund of the    
,treasury for the sole purpose of       
deficit reduction4  7c7 ,use of fund    
7#a7 ,in general ,subject to paragraph  
7#b7-- 7,a7 amounts in the ,fund shall  
be available for use by the ,commission2
 and  7,b7 the ,commission-- 7i7 shall  
reserve not less than #bj percent of the
 amounts in the ,fund for use by the    
,assistant ,secretary2 and  7ii7 shall  
transfer the amounts reserved under     
clause 7i7 to the ,assistant ,secretary 
upon request4  7#b7 ,limitation ,the    
,commission and the ,assistant          
,secretary may not access or use amounts
 in the ,fund for any purpose unless    

specifically authorized by an ,act of   
,congress enacted after the date of     
enactment of this ,act4  7#c7 ,sense of 
,congress regarding permissible uses of 
,fund ,it is the sense of ,congress that
 ,congress should enact further         
legislation specifying the purposes for 
which amounts in the ,fund may be used1 
which may include-- 7,a7 broadband      
deployment to unserved areas2  7,b7     
distance and remote learning2  7,c7     
digital equity and expanding broadband  
access in minority communities and on   
,tribal land2  7,d7 securing the        
telecommunications supply chain2  7,e7  
promoting spectrum efficiency2  7,f7    
investment in public safety             
communications infrastructure2  7,g7    
precision agriculture technologies2 and 
7,h7 telehealth technologies4  7d7      
,investment ,amounts in the ,fund shall 
be invested in accordance with section  
#igjb of title #ca1 ,united ,states     
,code1 and any interest on1 and proceeds
 from1 any such investment shall be     

credited to1 and become a part of1 the  
,fund4  7e7 ,deposit of ,c-,band        
spectrum auction proceeds in ,fund      
,section #cji7;j77#h7 of the            
,communications ,act of #aicd 7#dg      
,u4,s4,c4 #cji7;j77#h77 is amended--    
7#a7 in subparagraph 7,a71 by striking  
and 7,g7 and inserting 7,g71 and 7,h72  
7#b7 in subparagraph 7,c77i71 by        
striking and 7,g7 and inserting 7,g71   
and 7,h72 and  7#c7 by adding at the end
 the following3  7,h7 ,c-band auction   
proceeds ,notwithstanding subparagraph  
7,a71 and except as provided in         
subparagraph 7,b71 of the proceeds      
7including deposits and upfront payments
 from successful bidders7 from the use  
of a system of competitive bidding under
 this subsection to award licenses in   
the band of frequencies between #cgjj   
megahertz and #cihj megahertz           
7designated by the ,commission as       
,auction #ajg71 #fe1jjj1jjj1jjj shall be
 deposited in the ,broadband ,reserve   
,fund established under section #c of   

the ,broadband ,reserve ,fund ,act of   
#bjba4  4