Latta Introduces Spectrum Innovation Act
Congressman Bob Latta (R-Bowling Green) introduced last week the Spectrum Innovation Act, which incentivizes existing spectrum licensees to voluntarily relinquish a part or all of their spectrum in exchange for a portion of the proceeds generated by the auction.
“In order to meet tomorrow’s high volume of mobile data, it is imperative we allow the Federal Communications Commission (FCC) to conduct voluntary incentive auctions. Passing this measure would permit the wireless broadband industry to grow, increasing U.S. jobs, productivity and innovation,” said Congressman Latta.
Allowing the FCC to conduct incentive auctions of spectrum could generate billions of dollars in revenues; the auction revenue would help pay down the United States $14.2 trillion debt.