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HR 2953 110th Congress House Housing and Community Development Broadband Congressional reporting requirements Depreciation and amortization Economics and Public Finance Federally-guaranteed loans Government Operations and Politics Government lending Government paperwork Government publicity Science, Technology, Communications Telecommunication industry Telephone

Rural Broadband Access Enhancement Act

Introduced: July 10, 2007 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2008
Executive Comment Requested from USDA.
Jul 10, 2007
Referred to the Subcommittee on Telecommunications and the Internet.
Jul 10, 2007
Referred to the Committee on Agriculture, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 10, 2007
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now April 25, 2008

Executive Comment Requested from USDA.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1