summary
Introduced
07/30/2019
07/30/2019
In Committee
07/30/2019
07/30/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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. 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.
AI Summary
This bill establishes a Broadband Infrastructure Finance and Innovation (BIFIA) program to make available loans, loan guarantees, and lines of credit for the construction and deployment of broadband infrastructure. Specifically, the bill allows communities and public-private partnerships to apply for low-interest secured loans, lines of credit, or loan guarantees to finance broadband infrastructure investments. The program is administered by the Assistant Secretary of Commerce for Communications and Information and is funded with $5 billion in appropriations for fiscal year 2020. The bill sets eligibility requirements, selection criteria, and terms for the financing assistance provided under the program.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 07/30/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2344/all-info |
| BillText | https://www.congress.gov/116/bills/s2344/BILLS-116s2344is.pdf |
| Bill | https://www.congress.gov/116/bills/s2344/BILLS-116s2344is.pdf.pdf |
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