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This report of the 2011 Aspen Institute Roundtable on Spectrum Policy (AIRS), addresses new ways of allocating, clearing, using and/or sharing spectrum controlled by private parties and government agencies. The report attempts to step back and establish a broad vision for reallocating spectrum in the United States in the public interest, discussing new approaches that will facilitate more effective and efficient spectrum use. A number of recommendations are set forth to guide future spectrum policy development, Congressional actions, and technology explorations.