; (ii) after compliance with clause (i) of this subparagraph, the Commission shall deposit the next $5,000,000,000 in the general fund of the Treasury for the sole purpose of deficit reduction; and (iii) after compliance with clauses (i) and (ii) of this subparagraph, the Commission shall deposit all amounts remaining in accordance with section 4(b) of that Act. . (d) Clearing of C-Band spectrum for auction (1) Licenses (A) Issuance The Commission shall issue any new licenses or license modifications required to clear electromagnetic spectrum under subsection (a)(2) as expeditiously as possible after the date of enactment of this Act. (B) Protests The right of a licensee to protest a proposed order of modification of its license under section 316 of the Communications Act of 1934 ( 47 U.S.C. 316 ) shall not apply in the case of a modification made under subparagraph (A) of this paragraph. (2) Protection of C-band users The Commission shall clear electromagnetic spectrum under subsection (a)(2) in a manner that ensures that persons or entities that used the spectrum before the clearing of the spectrum receive— (A) service that is equivalent to or better than the service received before the clearing of the spectrum; and (B) service at a level described in subparagraph (A) continuously throughout the clearing of the spectrum. (e) Additional protections In promulgating rules regarding the use of spectrum in the covered band, the Commission shall ensure that aviation safety and other safety-of-life uses operating in the covered band or in adjacent spectrum bands are protected from harmful interference. 4. Trust Funds (a) Establishment (1) In general There is established in the Treasury of the United States— (A) a trust fund to be known as the Digital Divide Trust Fund