borrowed under this subsection in a manner that may result in outlays on or after December 31, 2032. (e) NTIA borrowing authority The Assistant Secretary of Commerce for Communications and Information may borrow from the Treasury of the United States, not later than 90 days after the date of the enactment of this Act, an amount not to exceed $200,000,000 to carry out the Minority Serving Institutions Program created under title IX of this Act, provided that the Assistant Secretary shall not use any funds borrowed under this subsection in a manner that may result in outlays on or after December 31, 2032. (f) Reporting requirement Not later than 2 years after the date of the enactment of this Act, and every year thereafter until funds are fully expended, the agencies to which the funds are made available shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a report on the amount transferred or made available under each subparagraph of subsection (c)(1). VII Creation of a Spectrum Pipeline 701. Creation of a spectrum pipeline (a) Feasibility assessment (1) In general The Assistant Secretary shall complete, not later than June 15, 2025, a feasibility assessment of making available electromagnetic spectrum for non-Federal use, shared Federal and non-Federal use, or a combination thereof, in the bands of frequencies— (A) between 4400 and 4940 megahertz, inclusive