§  1.2201   Purpose.

   The provisions of § § 1.2200 through 1.2209 implement section 6403 of the
   Spectrum Act, which requires the Commission to conduct a reverse
   auction to determine the amount of compensation that each broadcast
   television licensee would accept in return for voluntarily
   relinquishing some or all of its broadcast television spectrum usage
   rights in order to make spectrum available for assignment through a
   system of competitive bidding under subparagraph (G) of section
   309(j)(8) of the Communications Act of 1934, as added by section 6402
   of the Spectrum Act.