With respect to the frequencies made available for reallocation pursuant to section
923
(e)(3) of this title, the Commission shall, not later than 1 year after receipt of the initial reallocation report required by section
923
(a) of this title, prepare, submit to the President and the Congress, and implement, a plan for the allocation and assignment under the 1934 Act [
47 U.S.C.
151 et seq.] of such frequencies. Such plan shall—