; 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 such term in section 113(l). (3) Incumbent informing capability The term incumbent informing capability means a capability to facilitate the sharing of covered spectrum. (e) Rule of construction Nothing in this section shall be construed to alter or expand the authority of the NTIA as described in section 113(j)(1). . (b) Funding On the date of the 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 such Act, as added by subsection (a). V Reauthorization of FCC Auction Authority 501. Reauthorization of FCC auction authority Section 309(j)(11) of the Communications Act of 1934 ( 47 U.S.C. 309(j)(11) ) is amended by striking March 9, 2023 and inserting September 30, 2026 . VI Spectrum Auction Trust Fund 601. Deposit of proceeds (a) Covered auction defined In this title, the term covered auction means a system of competitive bidding— (1) conducted under section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ), as amended by this Act, that commences during the period beginning on the date of the enactment of this Act and ending on December 31, 2025; (2) conducted under section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ), as amended by this Act, for the band of frequencies between 3100 megahertz and 3450 megahertz, inclusive; or (3) (A) that involves a band of frequencies described in section 113(g)(2) of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 923(g)(2) )