A coalition of low-power television stations has unveiled a new revenue-raising proposal that would auction off spectrum relinquished by broadcasters.

The Coalition for Free TV and Broadband said their plan was the most efficient way to deal with wireless broadband spectrum traffic jams.

They added that the plan could generate $80 billion for the U.S. Treasury between 2014 and 2023.

"Eliminating destructive regulations and giving broadcasters the flexibility to innovate and compete will yield huge service improvements for Americans and enormous gains for the Treasury," said Mark Aitken, vice president of advanced technology for Sinclair Broadcast Group.

The news comes as lawmakers on Capitol Hill prepare to do away with low-power stations.

Randy Weiss, a board member of National Religious Broadcasters, explained why Congress wants to get rid of low-power stations and how such a move would affect religious broadcasters on the CBN News Channel's Morning News, Nov. 3.