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Faster Internet: New Funding Rules for Better Access

This act simplifies the financing of faster internet construction in the US by changing bond rules. This allows more people to gain access to high-speed internet, improving communication and online service access. The government will also monitor progress and gather feedback from internet providers.
Key points
Increased minimum internet speeds eligible for funding from 25/3 Mbps to 100/20 Mbps, meaning faster connections.
Easier use of private bonds to finance broadband projects, which can accelerate infrastructure construction.
Government reporting requirement on network construction progress and gathering feedback from internet providers, including those in rural areas.
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Additional Information
Print number: 117_HR_8099
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2022-06-16