Spectrum Auctions Have Raised $230 Billion; The FCC’s Authority To Conduct Them Will Lapse Soon If Congress Doesn’t Act.

Read Full Article | View Source

In 1993, Congress established the world’s first spectrum auction authority, empowering the Federal Communications Commission (FCC) to conduct bidding for radio frequency licenses. The innovation has exceeded expectations, earning Nobel prize recognition in 2020 and bringing $230 billion in revenue to the Treasury. The FCC has conducted over 100 auctions with the recent C-band earning more than a record $90 billion. These monies have been used for taxpayer relief, the FirstNet public safety communications network, and funding to the Department of Defense and other agencies…