; and (B) electromagnetic spectrum allocated on a primary or co-primary basis for Federal use that is shared among Federal entities. (2) Federal entity The term Federal entity has the meaning given the term in section 113(l). (3) Incumbent informing capability The term incumbent informing capability means a capability to facilitate the sharing of covered spectrum. . (b) Funding On the date of enactment of this Act, the Director of the Office of Management and Budget shall transfer $120,000,000 from the Spectrum Relocation Fund established under section 118 of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 928 ) to the National Telecommunications and Information Administration for the purpose of establishing the incumbent informing capability under section 120 of that Act, as added by subsection (a). II Exerting United States spectrum leadership 201. Empowering Federal agencies in the management of their spectrum Part A of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 901 et seq. ) is amended by adding at the end the following: 106. Improving spectrum management (a) Definitions In this section: (1) Chair The term Chair means the Chair of the Commission. (2) Commission The term Commission means the Federal Communications Commission. (3) Memorandum The term Memorandum means the Memorandum of Understanding between the Commission and the National Telecommunications and Information Administration (relating to increased coordination between Federal spectrum management agencies to promote the efficient use of the radio spectrum in the public interest), signed on August 1, 2022, or any successor memorandum. (4) Spectrum action The term spectrum action means any proposed action by the Commission to reallocate radio frequency spectrum that— (A) is anticipated to result in— (i) a system of competitive bidding conducted under section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ); or (ii) some other form of licensing