Government Spectrum Valuation Act

S 999, the Government Spectrum Valuation Act, requires the National Telecommunications and Information Administration (NTIA) to estimate the commercial value of government-owned radio frequencies (3 kilohertz to 95 gigahertz) assigned to federal agencies. The NTIA must base these valuations on what the spectrum would be worth if reallocated for commercial wireless use, while preserving government mission needs, and report the estimates annually to Congress. Federal agencies must then include these valuations in their budget submissions and annual financial statements. The bill mandates these valuations for different frequency bands at specific intervals (1-3 years after enactment), with public disclosure of methodology unless classified information is involved.