; and (B) the remainder of the proceeds of the systems of competitive bidding described in subparagraph (A) shall be deposited in accordance with subsection (c). (2) Proceeds of Spectrum Pipeline Act of 2015 auction Except as provided in section 309(j)(8)(B) of the Communications Act of 1934 ( 47 U.S.C. 309(j)(8)(B) ), and notwithstanding any other provision of law— (A) the first $300,000,000 of the proceeds of the system of competitive bidding required under section 1004 of the Spectrum Pipeline Act of 2015 ( 47 U.S.C. 921 note) shall be deposited in the general fund of the Treasury, where such proceeds shall be dedicated for the sole purpose of deficit reduction