Section 1 Short title
This Act may be cited as the “Recovering Excess Communications Appropriations while Protecting Telecommunications Upgrades, Reinvestment, and Expansion Act” or the “RECAPTURE Act”.
Recovering Excess Communications Appropriations while Protecting Telecommunications Upgrades, Reinvestment, and Expansion Act
A BILL
To amend the Infrastructure Investment and Jobs Act to require remaining funds under the Broadband Equity, Access, and Deployment Program to be used for deficit reduction.
Sec. 2 Use of remaining BEAD funds for deficit reduction
In general— Section 60102(e)(4) of the Infrastructure Investment and Jobs Act (47 U.S.C. 1702(e)(4)) is amended—
in subparagraph (D)(ii)(III), by striking “, shall make available to the eligible entity the remainder of the grant funds allocated to the eligible entity under subsection (c);” and inserting the following:
“(aa) make available to the eligible entity the portion of those remaining funds that have been designated for a specific purpose in the final proposal; and
“(bb) deposit in the general fund of the Treasury, for the sole purpose of deficit reduction, the portion of those remaining funds that have not been designated for a specific purpose in the final proposal;”
in subparagraph (E)(ii)(III), by striking “, shall make available to the eligible entity the remainder of the grant funds allocated to the eligible entity under subsection (c);” and inserting the following:
“(aa) make available to the eligible entity the portion of those remaining funds that have been designated for a specific purpose in the final proposal; and
“(bb) deposit in the general fund of the Treasury, for the sole purpose of deficit reduction, the portion of those remaining funds that have not been designated for a specific purpose in the final proposal;”
Technical and conforming amendments— Section 60102 of the Infrastructure Investment and Jobs Act (47 U.S.C. 1702) is amended—
in subsection (c)(5)(C)—
by striking clause (ii);
by striking “Reallocation to other eligible entities.—” and all that follows through “The Assistant Secretary” and inserting “Reallocation to other eligible entities due to application failures.—The Assistant Secretary”;
by redesignating subclauses (I) and (II) as clauses (i) and (ii), respectively, and adjusting the margins accordingly; and
in clause (ii), as so redesignated, by striking “subclause (I) of this clause” and inserting “clause (i) of this subparagraph”; and
in subsection (e)(4)(A)(i), in the matter preceding subclause (I), by striking “approvals” and inserting “approves”.