Lowering Broadband Costs: New Funding Rules for Internet Services
This act aims to reduce internet access costs for citizens. It changes how the fund supporting internet access is financed, expanding the group of companies that must contribute. This could lessen the financial burden on individual users and improve access to more affordable internet in hard-to-reach areas.
Key points
Larger internet companies and online content providers (e.g., search engines, streaming services) will be required to contribute to the fund supporting internet access, aiming to reduce the burden on individual users.
The act seeks to provide stable funding for internet providers operating in high-cost areas, which should improve internet availability and affordability in those regions.
Small internet companies and online content providers that transmit less than 3% of US broadband data or earn less than $5 billion in annual revenue are exempt from the new fees.
Status:
Introduced
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