Sens Hassan, Capito Introduce Rural Broadband Financing Flexibility Act to Spur Investment in Rural Broadband

Sens Maggie Hassan (D-NH) and Shelley Moore Capito (R-WV) reintroduced bipartisan legislation to help states, cities, and towns spur investment in rural broadband projects. The bipartisan Rural Broadband Financing Flexibility Act would allow state and local governments to issue tax-exempt bonds to finance rural broadband projects, including public private partnerships, as well as allow the federal government to assist state and local governments in bond payments. In addition, it would create a federal tax credit that states and localities could direct toward rural broadband projects.