Public Law 119-21, to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14 Title IV, Committee on Commerce, Science, and Transportation Section 40002, Spectrum Auctions

As part of the reconciliation process that resulted in the enactment of the 2025 reconciliation act (Public Law 119-21), the House Committee on Energy and Commerce and the Senate Committee on Commerce, Science, and Transportation were instructed to recommend legislative changes that met specified budget targets over the 2025-2034 period. This document provides an explanation of CBO’s estimate for the budgetary effects of title IV, Committee on Commerce, Science, and Transportation, section 40002, Spectrum Auctions, of P.L. 119-21, as enacted in July 2025. The amounts shown in the text and tables are the same as those that CBO estimated in July 2025.1
 

CBO estimates that implementing the provisions in section 40002 will reduce direct spending by $84.95 billion over the 2025-2034 period.