Bill > S3259

This bill, known as the RECAPTURE Act (Recovering Excess Communications Appropriations while Protecting Telecommunications Upgrades, Reinvestment, and Expansion Act), modifies the Infrastructure Investment and Jobs Act's Broadband Equity, Access, and Deployment (BEAD) Program to change how unallocated grant funds are handled. Specifically, the bill requires that when broadband infrastructure grant recipients have remaining funds that were not designated for a specific purpose in their final proposal, those funds must be deposited into the U.S. Treasury's general fund exclusively for deficit reduction. The legislation amends the existing law to clarify that grant-making authorities should first provide eligible entities with funds designated for specific purposes, and then direct any undesignated remaining funds toward reducing the national deficit. The bill also makes some technical and conforming amendments to the original law to streamline the language and process around grant allocations and reallocation procedures. These changes aim to ensure more efficient use of federal broadband infrastructure funding and provide a mechanism for returning unused funds to help offset government spending.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/senate-bill/3259/all-info