H.R. 2953 · 110th Congress
Rural Broadband Access Enhancement Act
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SpaceSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Rural Broadband Access Enhancement Act - Amends the Rural Electrification Act of 1936 to redefine "eligible rural community."
What it does: CRS summary · Introduced in House · Jul 10, 2007
Rural Broadband Access Enhancement Act - Amends the Rural Electrification Act of 1936 to redefine "eligible rural community."
Permits a loan or loan guarantee applicant in an area where 40% of the residents are without broadband access to qualify with a 10% loan equity position.
Provides for: (1) paperwork reduction; and (2) program outreach to underserved areas.
Prohibits loan or loan guarantees for new broadband service in communities with three or more service providers.
Provides that for each fiscal year: (1) not more than 10% of program funds shall be available to providers with more than 10% of national subscriber lines; and (2) 40% of program funds shall be available to providers with between 2%-10% of national subscriber lines.
Revises the amortization period from the life of the asset to 35 years.
Requires an annual broadband program report to Congress.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rural Broadband Access Enhancement Act
Latest action (Apr 25, 2008): Executive Comment Requested from USDA.
Policy area: Housing and Community Development · Origin: House · Introduced: Jul 10, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.