1. Short title This Act may be cited as the Government Spectrum Valuation Act of 2020 . 2. Estimate of value of electromagnetic spectrum Part B of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 921 et seq.) is amended by adding at the end the following new section: 120. Estimate of value of electromagnetic spectrum (a) Estimates required The NTIA, in consultation with the Commission and the Director of OMB, shall estimate the value of electromagnetic spectrum in the covered band that is assigned or otherwise allocated to each Federal entity as of the date of the estimate, in accordance with the schedule under subsection (b). (b) Schedule The NTIA shall conduct the estimates under subsection (a) for the covered bands between— (1) 225 megahertz and 33 gigahertz not later than 1 year after the date of enactment of this section, and every 3 years thereafter; (2) 33 gigahertz and 66 gigahertz not later than 2 years after the date of enactment of this section, and every 3 years thereafter