This legislation, known as the Government Spectrum Valuation Act, directs the National Telecommunications and Information Administration (NTIA) to conduct regular valuations of electromagnetic spectrum used by federal entities. The primary goal is to estimate the commercial worth of spectrum assigned or allocated to these entities, covering frequencies between 3 kilohertz and 95 gigahertz. The NTIA, in collaboration with the Federal Communications Commission and the Office of Management and Budget, must base these valuations on the spectrum's potential value if it were reallocated for the highest potential value of licensed or unlicensed commercial wireless services . Estimates are scheduled periodically, with different frequency bands being valued every three years on a staggered timeline, while also considering federal entities' mission requirements. The NTIA is required to incorporate dynamic scoring methodology and publicly disclose how each value estimate was determined, though classified information will be protected. Finally, federal entities must report the most recent estimated value of their assigned spectrum in their annual budget submissions and financial statements.