S 2866
116th Congress
Senate
Taxation
Income tax exclusion
Interest, dividends, interest rates
Internet and video services
Internet, web applications, social media
Rural conditions and development
Securities
Rural Broadband Financial Flexibility Act
Introduced: November 14, 2019
Introduced by:
Capito, Shelley Moore
Republican
· West Virginia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2019
Read twice and referred to the Committee on Finance.
Nov 14, 2019
Introduced in Senate
Plain-English summary
Rural Broadband Financial Flexibility Act
This bill allows the use of tax-exempt private activity bonds to finance qualified broadband projects. A qualified broadband project is any project that is designed solely to provide broadband service to one or more rural areas in which more than 50% of residential households do not have access to adequate broadband service. The bill also allows direct payments to issuers of broadband infrastructure bonds for 35% of the interest payable under such bonds.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1