; and (B) the remainder of the proceeds of the system of competitive bidding described in subparagraph (A) shall be deposited in accordance with subsection (c). (3) Remaining proceeds of covered auctions 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, any proceeds from covered auctions conducted under section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ), shall be deposited as follows (unless the covered auction is a system of competitive bidding described in paragraph (1) or (2) of this subsection, in which case those proceeds shall be deposited in accordance with paragraph (1) or (2) of this subsection, as applicable): (A) The first $2,000,000,000 of those proceeds shall be deposited in the general fund of the Treasury, where such amounts shall be dedicated for the sole purpose of deficit reduction. (B) Any remaining proceeds after carrying out subparagraph (A) shall be deposited in accordance with subsection (c). (c) Deposit of funds (1) In general Except as provided in subsection (b) and paragraph (2), and notwithstanding any other provision of law (except for that subsection), an aggregate total amount of $23,080,000,000 from covered auctions shall be deposited in the Fund as follows: (A) 30 percent of any such amounts, but no more than $3,080,000,000 cumulatively, shall be transferred to the general fund of the Treasury to reimburse the amount borrowed under subsection (d) of this section. (B) 30 percent of any such amounts, but no more than $14,800,000,000 cumulatively, shall be made available to the Assistant Secretary of Commerce for Communications and Information until expended to carry out sections 159, 160, and 161 of the National Telecommunications and Information Administration Organization Act, as added by section 301 of this Act, except that not more than 4 percent of the amount made available by this subparagraph may be used for administrative purposes (including carrying out