Developing Economic Prosperity and Linking Our Youth through Broadband Act
A BILL
To provide appropriations for the deployment of rural broadband, and for other purposes.
2. Definitions
3. Appropriations for deployment of rural broadband
4. Rural set-aside
“(H) Rural dividend
“(i) In general—Notwithstanding subparagraph (A) and except as provided in subparagraphs (B), (D), (E), and (F)—
“(I) the Commission shall allocate not less than 10 percent of the net proceeds attributable to each system of competitive bidding conducted under this subsection for the deployment of broadband-capable infrastructure in areas that the Commission has determined are underserved or unserved with respect to broadband internet access service; and
“(II) subject to this subsection, not less than 50 percent of the net proceeds from each use of a system of competitive bidding under this paragraph on and after the date of enactment of this subparagraph shall be deposited in the general fund of the Treasury until the date on which the aggregate amount of those deposits equals $6,500,000,000.
“(ii) Limitation—No amounts allocated under clause (i)(I) may be combined with amounts that are used to fund any other program that is in existence on the date on which the allocation is made, including any program established under section 254.
“(iii) Rule of construction—Nothing under this subparagraph shall be construed to automatically prohibit or disqualify a provider of broadband internet access service from receiving funds under any other program related to broadband internet access service, including any program established under section 254.
“(iv) Definition—In this subparagraph, the term broadband internet access service has the meaning given such term in section 8.1(b) of title 47, Code of Federal Regulations, or any successor regulation.”