RECAPTURE Act
Broadband Funding: Using Unspent Money for Deficit Reduction
The RECAPTURE Act was recently introduced in the Senate and is currently being reviewed by the Committee on Commerce, Science, and Transportation. There are no upcoming votes scheduled at this time. The bill is in the early stages of the legislative process.
Legislative Progress
This bill seeks to claw back money from a major bipartisan infrastructure law. It will likely face strong opposition from lawmakers who want to ensure all promised broadband funds stay in their states.
Key Points
- This bill targets the Broadband Equity, Access, and Deployment program, which was created to help bring high-speed internet to more people. It requires any money that has not been assigned to a specific project in a state's final plan to be returned to the federal government.
- The returned money would go into the Treasury Department's general fund. The bill specifies that this money must be used only to help lower the national deficit rather than being spent on other government programs.
- Currently, states and territories receive these grants to build internet infrastructure. Under this plan, if a state's final proposal does not use all the money it was originally offered, the leftover cash cannot be kept or moved to other projects.
- Supporters of the bill want to ensure that government spending is efficient and that extra money does not sit unused while the national debt grows. It changes the rules of a 2021 law that originally allowed for more flexibility in how these funds were reallocated.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
RECAPTURE Act
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.