White House Cuts Broadband Ask to $65B
President Joe Biden’s administration reduced its broadband spending ask to $65 billion Friday in a $1.7 trillion revised infrastructure proposal responding to Senate Republicans' counteroffer, White House Press Secretary Jen Psaki said during a news conference. The administration originally proposed…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
$100 billion for broadband (see 2104220067), reflecting the Accessible, Affordable Internet for All Act (HR-1783/S-745) and Leading Infrastructure for Tomorrow's (Lift) America Act (HR-1848). “This is the art of seeking common ground,” Psaki told reporters. “This proposal exhibits a willingness to come down in size, giving on some areas that are important to the president ... while also staying firm in areas that are most vital to rebuilding our infrastructure and industries of the future.” This removed “investment in research and development to supply chain, manufacturing and small business,” shifting that money into “other efforts” like the U.S. Innovation and Competition Act (S-1260), previously known as the Endless Frontier Act, Psaki said. A revised version of S-1260 under Senate consideration includes $49.5 billion to implement the Creating Helpful Incentives to Produce Semiconductors for America Act and $1.5 billion for the Utilizing Strategic Allied Telecom Act.