Agenda

California's Broadband Loan Loss Reserve Fund is a $500 million fund that provides a credit enhancement related to the financing of local broadband infrastructure development. The reserve fund expands the ability of local governments, tribes and non-profits to secure financing for building last-mile projects, with an emphasis on public broadband networks. The Fund will provide collateral to local governments to enable more favorable borrowing rates and terms for bonds issued to deploy broadband infrastructure. The Fund was established in 2021. The benefits of the Fund include:

Lawmakers agreed on six spending bills to partially fund the government for the rest of 2024, but fell far short of CHIPS and Science Act goals and agency budget requests. The National Telecommunications and Information Administration received less than half its 

President Joe Biden is focused on lowering costs for hardworking Americans by taking action to end corporate rip-offs and other unfair practices that keep prices high.

The Federal Communications Commission formally notified Affordable Connectivity Program (ACP) providers that, due to a lack of additional funding from Congress, the agency will only be able to fully fund the program through the month of April. The Public Notice also (1) provides guidance on the May 2024 partial reimbursement month; (2) reminds participating providers of the notices they must send to ACP households; and (3) provides guidance on the consumer protections for ACP households during wind-down and after the ACP ends.

23,269,550. This was the number of households participating in the Affordable Connectivity Program (ACP) when enrollment closed on February 8th, 2024. It is more than one out of every six households in the United States. But 23,269,550 is also a very high precipice from which to fall. If the ACP ends, all enrollees will experience some combination of bill shock, disconnections, financial sacrifice, service downgrades, and/or household debt.

In 2024, the Digital Equity Act moves past the planning phase and into the grant-making phase to deliver programs and policies to communities on the ground. In 2021, the federal government made the biggest ever investment in digital equity with $2.75 billion in the Digital Equity Act.

In the final days of 2020, Congress approved a COVID-relief package that included $3.2 billion for the Federal Communications Commission to establish the Emergency Broadband Benefit Program to help households that were struggling to afford broadband. The program was up-and-running by spring, and the public’s response was overwhelming. It immediately became clear that demand for this program was going to outlast the pandemic, and Congress responded with a longer-term solution to the broadband affordability challenge.

The US Department of Agriculture's Rural Utilities Service is accepting applications under the Distance Learning and Telemedicine (DLT) grant program for fiscal year (FY) 2024, subject to the availability of funding. Based on FY 2023 appropriated funding, RUS estimates that approximately $60 million will be available for FY 2024. Successful applications will be selected for funding and subsequently awarded to the extent that funding may ultimately be made available through appropriations.

In December 2023, the Federal Communications Commission conducted a survey of Affordable Connectivity Program (ACP) recipients to enhance its understanding of the program's impact and how the end of the program may impact access to broadband services. Survey respondents were also given the opportunity to submit written responses to questions about how losing ACP support would impact them.