News Ticker

Money talks: Bill would pay federal agencies to give up spectrum

Wireless companies need more spectrum and federal agencies are sitting on a lot of it. To shake some loose, a bipartisan group of lawmakers in the House and the Senate re-introduced a bill that would pay government agencies to give it up.

The Federal Spectrum Incentive Act re-introduced Thursday, uses the same model as the upcoming broadcast incentive auction, allowing federal agencies to share a portion of the proceeds from the auction of relinquished spectrum.

If Congress passes the bill and the President signs it, it would create the first-ever incentive auction for federal agencies.

The bill was first introduced in the last Congress by Reps. Doris Matsui (D-Calif.) and Brett Guthrie (R-Ky.). Original co-sponsors include House communications and technology chairman Greg Walden (R-Ore.) and ranking member Anna Eschoo (D-Calif.). In the Senate, the bill was introduced by Deb Fischer (R-Neb.) and Ed Markey (D-Mass.).