Congress, in passing the Middle Class Tax Relief and Job Creation Act of 2012 in early 2012, authorized the FCC to conduct incentive auctions, with the first auction to be of broadcast television spectrum. Congress further directed that certain net proceeds from the broadcast incentive auction are to be deposited in the Public Safety Trust Fund to fund a national first responder network, state and local public safety grants, and public safety research, and the balance is to be used for deficit reduction.

read more