Amends the National Telecommunications and Information Administration Organization Act to make funds from such Fund available to the Secretary of Commerce to carry out a: (1) Human Capital Telecommunications Investment Program; and (2) Public Broadband Infrastructure Investments Program. Earmarks a specified amount of funds for the latter program for converting public broadcasting facilities to digital technology.
Directs the Secretary to prepare, make publicly available, and submit to the President, Congress, and the Federal Communications Commission (FCC) a report that: (1) designates bands of frequencies for reallocation for the provision of advanced commercial mobile (ACM) services; (2) establishes a plan for the relocation or modification of Federal stations currently occupying frequencies located at 1710-1850 megahertz; and (3) designates two specified bands of frequencies for reallocation to the public for unlicensed use.
Requires the FCC to allocate some of the 1710-1850 megahertz frequencies for ACM services.
Authorizes the relocation of Federal entities from the frequencies reallocated to ACM services. Establishes a Spectrum Relocation Trust Fund for relocation costs.
Requires a division of the proceeds from spectrum auctions for ACM services between the Relocated Federal Entities Trust Fund and the Digital Dividends Trust Fund.