; and (B) notwithstanding paragraph (15)(A) of section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ), not later than January 1, 2026, begin a system of competitive bidding under such section to grant new initial licenses for the use of such frequencies, subject to flexible-use service rules. (2) Proceeds (A) In general Notwithstanding subparagraphs (A), (C)(i), and (D)(i) of section 309(j)(8) of the Communications Act of 1934 ( 47 U.S.C. 309(j)(8) ), in the case of the proceeds from the use of a system of competitive bidding under paragraph (1)(B) (including deposits and upfront payments from successful bidders), after the retention of costs by the salaries and expenses account of the Commission under subparagraph (B) of such section and the deposit in the Spectrum Relocation Fund established by section 118 of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 928 ) of such portion of such proceeds as is necessary to cover the relocation or sharing costs (as defined in section 113(g)(3) of such Act ( 47 U.S.C. 923(g)(3) ) of Federal entities with respect to such system of competitive bidding and the amounts required to be made available to the Director of the Office of Management and Budget under subsections (f) and (g) of such section 118, the remainder of such proceeds shall be deposited in the Rural Broadband Deployment Fund established by section 401. (B) Rule of construction Nothing in this section shall be construed to relieve the Commission from the requirements of section 309(j)(16)(B) of the Communications Act of 1934 ( 47 U.S.C. 309(j)(16)(B) ). (d) Auction authority Section 309(j)(11) of the Communications Act of 1934 ( 47 U.S.C. 309(j)(11) ) is amended— (1) by striking the period at the end and inserting ; and ; (2) by striking except that, with respect to and inserting except that— (A) with respect to