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Broadband Infrastructure Finance and Innovation Act of 2021

1/11/2023, 1:47 PM

Congressional Summary of S 741

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.

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Current Status of Bill S 741

Bill S 741 is currently in the status of Bill Introduced since March 11, 2021. Bill S 741 was introduced during Congress 117 and was introduced to the Senate on March 11, 2021.  Bill S 741's most recent activity was Read twice and referred to the Committee on Commerce, Science, and Transportation. as of March 11, 2021

Bipartisan Support of Bill S 741

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 741

Primary Policy Focus

Science, Technology, Communications

Potential Impact Areas

- 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

Alternate Title(s) of Bill S 741

Broadband Infrastructure Finance and Innovation Act of 2021
A 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.
Broadband Infrastructure Finance and Innovation Act of 2021

Comments

Sponsors and Cosponsors of S 741

Ben Ray Lujan
Ben Ray Lujan
New MexicoDemocrat
Gary C. Peters
Gary C. Peters
MichiganDemocrat

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