Broadband Infrastructure Finance and Innovation Act of 2021

1/11/2023, 1:47 PM

Broadband Infrastructure Finance and Innovation Act of 2021

This bill requires the National Telecommunications and Information Administration to make financing available for the construction and deployment of broadband infrastructure through a broadband infrastructure finance and innovation program.

Specifically, the bill provides a means for communities and public-private partnerships to apply for low-interest secured loans, lines of credit, or loan guarantees to finance broadband infrastructure investments. The bill provides funding to carry out the program, and it requires biennial reports on the financial performance of projects carried out with program assistance.

Congress
117

Number
S - 741

Introduced on
2021-03-11

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/11/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Broadband Infrastructure Finance and Innovation Act of 2021

This bill requires the National Telecommunications and Information Administration to make financing available for the construction and deployment of broadband infrastructure through a broadband infrastructure finance and innovation program.

Specifically, the bill provides a means for communities and public-private partnerships to apply for low-interest secured loans, lines of credit, or loan guarantees to finance broadband infrastructure investments. The bill provides funding to carry out the program, and it requires biennial reports on the financial performance of projects carried out with program assistance.

Alternative Names
Official Title as IntroducedA bill to establish a broadband infrastructure finance and innovation program to make available loans, loan guarantees, and lines of credit for the construction and deployment of broadband infrastructure, and for other purposes.

Policy Areas
Science, Technology, Communications

Potential Impact
Aging
Appropriations
Community life and organization
Congressional oversight
Department of Commerce
Economic development
Educational facilities and institutions
Executive agency funding and structure
Government lending and loan guarantees
Health care coverage and access
Health facilities and institutions
Higher education
Internet and video services
Internet, web applications, social media
Labor standards
Labor-management relations
Law enforcement administration and funding
Libraries and archives
Museums, exhibitions, cultural centers
Performance measurement
Public contracts and procurement
Public-private cooperation
Unemployment
Wages and earnings

Comments

Recent Activity

Latest Summary5/11/2021

Broadband Infrastructure Finance and Innovation Act of 2021

This bill requires the National Telecommunications and Information Administration to make financing available for the construction and deployment of broadband infrastructur...


Latest Action3/11/2021
Read twice and referred to the Committee on Commerce, Science, and Transportation.