1. Short title This Act may be cited as the Government Spectrum Valuation Act of 2018 . 2. Determination of value of electromagnetic spectrum (a) In general Part A of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 901 et seq.) is amended— (1) by redesignating section 105 ( 47 U.S.C. 904 ) as section 106; and (2) by inserting after section 104 ( 47 U.S.C. 903 ) the following: 105. Determination of value of electromagnetic spectrum (a) Definitions In this section— (1) the term Federal entity has the meaning given the term in section 113(l); and (2) the term OMB means the Office of Management and Budget. (b) Determination required Not later than 1 year after the date of enactment of the Government Spectrum Valuation Act of 2018 , and each year thereafter, the NTIA, in consultation with the Commission and OMB, shall determine the value of electromagnetic spectrum assigned or otherwise allocated to each Federal entity as of the date of the determination. (c) Scope The valuation under subsection (b) shall cover the frequencies between 3 kilohertz and 300 gigahertz. (d) Basis for determination The NTIA shall base the value determination under subsection (b) on the value that the electromagnetic spectrum would have if the spectrum were reallocated for licensed or unlicensed commercial wireless services. (e) Agency report on value of electromagnetic spectrum A Federal entity that has been assigned or otherwise allocated use of electromagnetic spectrum within the range of frequencies described in subsection (c) shall report the value of the spectrum as determined under subsection (b)— (1) in the budget of the Federal entity to be included in the budget of the United States Government submitted by the President under section 1105 of title 31, United States Code