Maximizing Spectrum Efficiency and Value Act of 2014

[AI summary unavailable — showing source text] Maximizing Spectrum Efficiency and Value Act of 2014 - Amends the National Telecommunications and Information Administration Organization Act to establish a Federal Spectrum Reallocation Commission to make recommendations to the President on the reallocation of federal spectrum over a specified time period. Directs each federal agency to include a spectrum utilization plan as part of the budget justification documents submitted to Congress each fiscal year. Requires copies of the plan to be submitted to the Reallocation Commission, the Secretary of Commerce, and the National Telecommunications and Information Administration (NTIA). Requires the Secretary to submit to Congress, the Comptroller General (GAO), and the Reallocation Commission a report identifying and recommending for reallocation bands of frequencies that: (1) are allocated primarily for federal government use, (2) are not required for federal government needs, and (3) can feasibly be made available for assignment through a competitive bidding system under the Communications Act of 1934 during the five-year period beginning on the date of submission of the report. Directs the Reallocation Commission to hold public hear…