WASHINGTON – The Senate Commerce Committee passed Sen. Mike Lee’s (R-UT) Spectrum Valuation Act Wednesday, legislation that would require the federal government to estimate the value of electromagnetic spectrum currently assigned to federal agencies.

“Congress has a clear responsibility to ensure that federal spectrum is being managed effectively and appropriately,” Sen. Lee said. “By simply calculating the value of federal spectrum allocations, Congress and the Administration would be better equipped to identify highly valuable federal spectrum bands, and thus manage each federal spectrum allocation more efficiently. That means we can better manage how government agencies use their spectrum to fulfill their mission requirements as well as identify the potential inefficiencies.”

You can read a full copy of the bill here.