They ended auction authority. It was grotesquely irresponsible. It did massive damage to America. It destroyed jobs in America and it let China get ahead of America. In this bill, I wrote the legislation that directs the federal government to auction to the private sector 800 MHz of spectrum for private sector investment. What does that mean? Number one, that will generate in excess of $100 billion of revenue to the federal government. Wow. Real money. Now, even in government terms, $100 billion is real money. (27:31–27:45)
CLAIM
Asserts that the bill includes a directive to auction 800 MHz of spectrum to the private sector.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
