Rural Broadband Loan Program Gets $550 Million Boost in Omnibus

March 9, 2022, 9:37 PM UTC

Lawmakers are moving to set aside more money to help connect rural communities to the internet as part of a spending bill (H.R. 2471) for the year starting Oct. 1.

More than $550 million would be dedicated to rural broadband, including $450 million for ReConnect, a program that offers loans and grants to cover building, improving, or obtaining facilities and equipment needed to provide broadband in eligible rural parts of the country.

The money for the program, tucked into the omnibus spending legislation for fiscal 2022, is in addition to $2 billion included in the Infrastructure Investment and ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.