107 STAT. 392 PUBLIC LAW 103-66—AUG. 10, 1993 "(11) TERMINATION.—The authority of the Commission to grant a license or permit under this subsection shall expire September 30, 1998. Reports. «(12) EVALUATION. — Not later than September 30, 1997, the Commission shall conduct a public inquiry and submit to the Congress a report— "(A) containing a statement of the revenues obtained, and a projection of the future revenues, from the use of competitive bidding systems under this subsection; " (B) describing the methodologies established by the Commission pursuant to paragraphs (3) and (4); "(C) comparing the relative adveintages and disadvantages of such methodologies in terms of attaining the objectives described in such paragraphs; "(D) evaluating whether and to what extent— "(i) competitive bidding significantly improved the efficiency and effectiveness of the process for granting radio spectnmi licenses; " (ii) competitive bidding facilitated the introduction of new spectrum-based technologies and the entry of new companies into the telecommunications market; "(iii) competitive bidding methodologies have secured prompt delivery of service to rural areas and have adequately addressed the needs of rural spectrum users; and "(iv) small businesses, rural telephone companies, and businesses owned by members of minority groups and women were able to participate successfully in the competitive bidding process; and "(E) recommending any statutory changes that are needed to improve the competitive bidding process.", (b) CONFORMING AMENDMENTS. — (1) LIMITATIONS ON LOTTERIES. —Section 309 of the Communications Act of 1934 (47 U.S.C. 309) is further amended— (A) by striking subsection (i)(l) and inserting the following: "(i) RANDOM SELECTION. — "(1) GENERAL AUTHORITY. — I f— "(A) there is more than one application for any initial license or construction permit which will involve a use of the electromagnetic spectrum; and "(B) the Commission has determined that the use is not described in subsection (j)(2)(A); then the Commission shall have the authority to grant such license or permit to a qualified applicant through the use of a system of random selection."; and (B) in paragraph (4), by adding at the end the following new subparagraph: "(C) Not later than 180 days after the date of enactment of this subparagraph, the Commission shall prescribe such transfer disclosures and antitrafficking restrictions and payment schedules as are necessary to prevent the unjust enrichment of recipients of Ucenses or permits as a result of the methods employed to issue licenses under this subsection.". (2) REGULATORY TREATMENT TO ENHANCE AUCTION VALUE OF SPECTRUM UCENSES. —
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