On March 28, President Biden announced a $5.8 trillion budget proposal for the US government for fiscal year 2023. Biden's proposal includes:
The United States and the European Commission have committed to a new Trans-Atlantic Data Privacy Framework, which will foster trans-Atlantic data flows and address the concerns raised by the Court of Justice of the European Union when it struck down in 2020 the Commission’s adequacy decision underlying the EU-US Privacy Shield framework. By ensuring a durable and reliable legal basis for data flows, the new framework will underpin an inclusive and competitive digital economy and lay the foundation for further economic cooperation. Through the framework, the US makes commitments to:
On March 11, 2021, President Joe Biden signed the American Rescue Plan (ARP) Act into law, an unprecedented $1.9 trillion package of emergency assistance measures. 20 states have already invested Fiscal Recovery Funds to expand broadband access—in addition to $10 billion Capital Projects Fund which they can use to help ensure that all communities have access to the high-quality, modern infrastructure needed to access critical services, including broadband. Even with more on the way, states and territories have already announced about $9 billion in ARP investments to expand high speed intern
Digital assets, including cryptocurrencies, have seen explosive growth in recent years, surpassing a $3 trillion market cap last November and up from $14 billion just five years prior. Surveys suggest that around 16 percent of adult Americans – approximately 40 million people – have invested in, traded, or used cryptocurrencies.
Biden-Harris Administration Announces 10 Million Households Enroll in Broadband Affordability Program
The Biden-Harris Administration announced more than 10 million households are enrolled in the Affordable Connectivity Program, the nation’s largest-ever broadband affordability program. The Biden-Harris Administration is committed to removing barriers to high-speed, affordable internet access. Thanks to the Infrastructure Investment and Jobs Act, millions of families who previously could not get online or struggled to pay for this modern-day necessity are now connected.
A guidebook to help state, local, Tribal and territorial governments unlock the benefits from the historic investments in US infrastructure. The guidebook is a roadmap to the funding available under the law, as well as an explanatory document that shows direct federal spending at the program level. The White House has also published an accompanying data file that allows users to quickly sort programs funded under the law by fields like agency, amount, recipient, or program name. The guidebook contains 12 chapters grouping Infrastructure Investment and Jobs Act programs by issue area.