Senate Bill 2866
116th Congress(2019-2020)
Rural Broadband Financial Flexibility Act
Introduced
Introduced in Senate on Nov 14, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2866
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
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.
November 14, 2019
11/14/2019
Read twice and referred to the Committee on Finance.
11/14/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 5:17:26 AM