Ah, alas you are right. Apparently the GPO website hasn't updated the online United States Code, but I did a Lexis search and the newer law is listed there.
They almost completely rewrote paragraph 14: (14) Auction of recaptured broadcast television spectrum.(A) Limitations on terms of terrestrial television broadcast licenses. A full-power television broadcast license that authorizes analog television service may not be renewed to authorize such service for a period that extends beyond February 17, 2009.
(B) Spectrum reversion and resale.
(i) The Commission shall--
(I) ensure that, as licenses for analog television service
expire pursuant to subparagraph (A), each licensee shall cease using
electromagnetic spectrum assigned to such service according to the
Commission's direction; and
(II) reclaim and organize the electromagnetic spectrum in a
manner consistent with the objectives described in paragraph (3) of this
subsection.
(ii) Licensees for new services occupying spectrum reclaimed
pursuant to clause (i) shall be assigned in accordance with this subsection.
(C) Certain limitations on qualified bidders prohibited. In
prescribing any regulations relating to the qualification of bidders for
spectrum reclaimed pursuant to subparagraph (B)(i), the Commission, for any
license that may be used for any digital television service where the grade
A contour of the station is projected to encompass the entirety of a city
with a population in excess of 400,000 (as determined using the 1990
decennial census), shall not--
(i) preclude any party from being a qualified bidder for such
spectrum on the basis of--
(I) the Commission's duopoly rule (47 C.F.R. 73.3555(b)); or
(II) the Commission's newspaper cross-ownership rule (47 C.F.R.
73.3555(d)); or
(ii) apply either such rule to preclude such a party that is a
winning bidder in a competitive bidding for such spectrum from using such
spectrum for digital television service.
(D) [Redesignated]
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