Bill 119 HR 651, also known as the "Spectrum Auction Act," is a piece of legislation that aims to require the Federal Communications Commission (FCC) to auction off spectrum in the band between 1.3 gigahertz and 13.2 gigahertz. This spectrum is valuable for telecommunications companies as it can be used for a variety of purposes, including expanding wireless networks and improving internet connectivity.
The bill is designed to promote competition in the telecommunications industry by making more spectrum available for auction, allowing smaller companies to acquire the necessary resources to compete with larger corporations. By auctioning off this spectrum, the government can also generate revenue that can be used for other purposes.
In addition to requiring the FCC to auction off the specified spectrum, the bill also includes provisions for ensuring that the auction process is fair and transparent. This includes guidelines for how the spectrum should be allocated and rules for preventing anti-competitive behavior.
Overall, the Spectrum Auction Act aims to promote innovation and competition in the telecommunications industry by making more spectrum available for auction. It also seeks to generate revenue for the government through the auction process.