1. Short title This Act may be cited as the Spectrum Management And Reallocation for Taxpayers Act or the SMART Act . 2. Definitions In this Act: (1) C-Band Reimbursement and Implementation Fund; C-Band Fund The term C-Band Reimbursement and Implementation Fund or C-Band Fund means the fund established under section 5(a). (2) Commission The term Commission means the Federal Communications Commission. (3) Digital Divide Trust Fund The term Digital Divide Trust Fund means the trust fund established under section 4(a)(1)(A). (4) Native Americans The term Native Americans has the meaning given the term in section 736(g) of the Public Health Service Act ( 42 U.S.C. 293(g) ). (5) Next Generation 9–1–1 Trust Fund The term Next Generation 9–1–1 Trust Fund means the trust fund established under section 4(a)(1)(B). (6) Trust land The term trust land has the meaning given the term in section 3765 of title 38, United States Code. 3. Public auction of C-band spectrum (a) In general Not later than 1 year after issuing rules for reallocating a portion of the electromagnetic spectrum described in subsection (b) through a public auction, if the Commission issues such rules during the year 2020, the Commission shall— (1) identify 300 megahertz of that spectrum for reallocation consistent with this section; (2) clear the spectrum identified under paragraph (1) consistent with subsection (d); (3) reallocate the spectrum identified under paragraph (1) for terrestrial broadband use, reserving 20 megahertz of the spectrum as a guard band; and (4) notwithstanding paragraph (15)(A) of section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ), commence a system of competitive bidding under that section to grant new initial licenses for the use of the spectrum identified under paragraph (1) of this subsection, subject to— (A) flexible-use service rules