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LIFELINE Act
12/29/2022, 10:03 PM
Summary of Bill HR 7078
The LIFELINE Act, also known as Bill 117 hr 7078, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to expand and improve the Lifeline program, which provides discounted phone and internet services to low-income individuals and families.
The LIFELINE Act aims to make it easier for eligible individuals to enroll in the Lifeline program by streamlining the application process and increasing awareness of the program. Additionally, the bill seeks to modernize the program by allowing participants to use their Lifeline benefits for broadband internet services, in addition to traditional phone services.
Furthermore, the LIFELINE Act includes provisions to increase accountability and transparency within the Lifeline program, ensuring that funds are being used efficiently and effectively. The bill also includes measures to prevent fraud and abuse within the program, such as implementing stricter eligibility requirements and conducting regular audits. Overall, the LIFELINE Act is designed to help bridge the digital divide by providing low-income individuals with access to essential communication services. By expanding and improving the Lifeline program, this legislation aims to ensure that all Americans have the opportunity to stay connected and participate in the digital economy.
The LIFELINE Act aims to make it easier for eligible individuals to enroll in the Lifeline program by streamlining the application process and increasing awareness of the program. Additionally, the bill seeks to modernize the program by allowing participants to use their Lifeline benefits for broadband internet services, in addition to traditional phone services.
Furthermore, the LIFELINE Act includes provisions to increase accountability and transparency within the Lifeline program, ensuring that funds are being used efficiently and effectively. The bill also includes measures to prevent fraud and abuse within the program, such as implementing stricter eligibility requirements and conducting regular audits. Overall, the LIFELINE Act is designed to help bridge the digital divide by providing low-income individuals with access to essential communication services. By expanding and improving the Lifeline program, this legislation aims to ensure that all Americans have the opportunity to stay connected and participate in the digital economy.
Congressional Summary of HR 7078
LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act or the LIFELINE Act
This bill permits states, territories, or tribal governments to use State and Local Fiscal Recovery Funds to finance qualified low-income housing projects (i.e., projects for residential rental property meeting certain income tests) with loans obligated by December 31, 2024, and having maturities of 30 or more years.
Read the Full Bill
Current Status of Bill HR 7078
Bill HR 7078 is currently in the status of Bill Introduced since March 15, 2022. Bill HR 7078 was introduced during Congress 117 and was introduced to the House on March 15, 2022. Bill HR 7078's most recent activity was Referred to the House Committee on Oversight and Reform. as of March 15, 2022
Bipartisan Support of Bill HR 7078
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
88Democrat Cosponsors
78Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7078
Primary Policy Focus
Housing and Community DevelopmentPotential Impact Areas
- Cardiovascular and respiratory health
- Emergency medical services and trauma care
- Government lending and loan guarantees
- Housing and community development funding
- Housing supply and affordability
- Income tax credits
- Infectious and parasitic diseases
- Low- and moderate-income housing
- State and local finance
- State and local government operations
- Taxation
Alternate Title(s) of Bill HR 7078
LIFELINE Act
LIFELINE Act
LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act
To amend title VI of the Social Security Act to allow State and Local Fiscal Recovery Funds to be loaned for low-income housing tax credit projects.
Comments
Sponsors and Cosponsors of HR 7078
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