shall be deposited in the general fund of the Treasury of the United States for the sole purpose of deficit reduction. . (b) Deposits of bidders To be deposited in Treasury Section 309(j)(8)(C) of the Communications Act of 1934 ( 47 U.S.C. 309(j)(8)(C) ) is amended— (1) in the first sentence, by striking an interest bearing account and all that follows and inserting the Treasury.