Sets forth restrictions particular to the auction of broadcast television spectrum and the valuation of voluntarily relinquished broadcast television spectrum.
Requires that the incentive amount determined by a broadcast television reverse auction include the relinquishment of all usage rights with respect to:
(1) a particular television channel without receiving in return any usage rights with respect to another television channel,
(2) an ultra high frequency television channel in return for receiving usage rights with respect to a very high frequency television channel, and
(3) the relinquishment of usage rights in order to share a television channel with another licensee.
Requires a broadcast television station that voluntarily relinquishes spectrum usage rights in order to share a television channel and that possessed carriage rights under specified provisions of the Communications Act of 1934 on November 30, 2010, to have the carriage rights at its shared location that would apply to the station at such location if it were not sharing a channel.
Authorizes the FCC, for the purpose of making spectrum available to carry out the auction, to reassign television channels and reallocate portions of spectrum available for reallocation.
Requires that all reasonable efforts be made to preserve the coverage area and population served of each broadcast television licensee.
Prohibits the FCC from involuntarily reassigning a broadcast television licensee from:
(1) an ultra high to a very high frequency television channel, and
(2) a television channel between 174-216 megahertz to a channel between the 54-88 megahertz frequencies.
Requires that certain relocation cost reimbursements be made to reassigned broadcast television licensees, related multichannel video programming distributors, and incumbent users of channel 37 (a band of spectrum currently reserved for radio astronomy and wireless medical telemetry service) under specified conditions.
Authorizes waivers from FCC flexible use service rules in lieu of such reimbursements.
Prohibits reimbursements for lost revenue.
Directs the FCC to conduct a broadcast television spectrum auction in which it assigns licenses for the reallocated spectrum.
Requires that the proceeds shared with each licensee whose bid the FCC accepts in the reverse auction be at least the amount of such bid.
Prohibits reassignments or reallocations from becoming effective, and bars the FCC from assigning such licenses and revoking spectrum usage rights, if the proceeds from the auction are below the reverse auction bid amount.
Establishes the TV Broadcaster Relocation Fund. Authorizes the FCC to borrow up to a specified amount from the Treasury to deposit into the Fund for the payment of relocation costs.
Requires the FCC to reimburse the Treasury as funds are deposited in the Fund. Directs the Secretary of the Treasury, if amounts remain in the Fund three years after the auction, to transfer such amounts to:
(1) the Public Safety Trust Fund through FY2022, and
(2) the Treasury's general fund for the sole purpose of deficit reduction after FY2022. Prohibits the FCC from completing more than one reverse auction or reorganization of broadcast television spectrum.
Makes a licensee's right to protest a proposed order of modification inapplicable to modifications under this section.