Government Spectrum Valuation Act

S 792, the Government Spectrum Valuation Act, requires the National Telecommunications and Information Administration (NTIA) to estimate the market value of federally owned electromagnetic spectrum (covering frequencies from 3 kilohertz to 95 gigahertz) assigned to federal agencies. The NTIA must conduct these valuations in three phases over three years, based on what commercial wireless services would pay for similar spectrum, while considering federal mission needs. Federal agencies must then report these valuations in their annual budgets and financial statements. This bill directly affects all federal agencies using spectrum in the specified bands, aiming to provide transparency on the economic value of government-held spectrum resources.