S. 1676 · 117th Congress
Rural Broadband Financing Flexibility Act
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HassanSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill provides tax incentives for investment in broadband, particularly in rural areas.
What it does: CRS summary · Introduced in Senate · May 18, 2021
Rural Broadband Financing Flexibility Act
This bill provides tax incentives for investment in broadband, particularly in rural areas.
Specifically, the bill allows
- issuance of private activity bonds for financing qualified broadband projects,
- issuers of broadband infrastructure bonds a credit for interest payments under such bonds, and
- a 10% investment tax credit for qualified broadband projects.
The bill defines qualified broadband project as any project that (1) is designed to provide broadband service solely to one or more areas that are rural areas and in which more than 50% of residential households do not have access to fixed, terrestrial broadband service that delivers at least 25 megabits per second downstream and at least 3 megabits service upstream, and (2) results in gigabit capable internet access to certain residential and commercial locations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rural Broadband Financing Flexibility Act
Latest action (May 18, 2021): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: May 18, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.