Senate Might Increase Broadband Funding in Stimulus

The U.S. Senate is considering increasing the amount of money it will underwrite for broadband buildout in an economic stimulus plan.

Federal lawmakers are talking about boosting the funding from $6 million to $9 million, with $1 billion allotted to wireless. Some officials also want to include a 10 percent tax credit for companies building in rural and underserved markets. There’s also an incentive of a 20 percent tax credit for providers that exceed “current speeds,” Reuters reported.

As always, though, there’s a holdup. This time, it’s over net neutrality and whether the federal government can require operators to run open networks.

Leave a comment

Your email address will not be published. Required fields are marked *


Is your business ready for the EU's GDPR to go into effect on May 25?

View Results

Loading ... Loading ...
The ID is: 77776