Senators Call on Department of Commerce and the National Telecommunications and Information Administration to Streamline Broadband Funding for Rural America
We write to urge the National Telecommunications and Information Administration (NTIA) to make the Broadband Equity, Access, and Deployment (BEAD) program more accessible to unconnected regions across the country by considering alternatives to the program’s irrevocable standby Letter of Credit (LOC) requirement. One alternative to the LOC requirement is the use of performance bonds, which are commonly used in construction projects.