Letter of Credit Coalition, FCC Proposes Higher Speed Threshold, Domestic Semiconductor Bill

The NTIA’s BEAD program requires grant recipients to provide a letter of credit.

Letter of Credit Coalition, FCC Proposes Higher Speed Threshold, Domestic Semiconductor Bill
Photo of Rep. Anna G. Eshoo, D-Calif., from her House website

July 27, 2023 – Since last Wednesday, some internet service providers, broadband associations, and digital equity advocates have been raising concerns about a requirement that applicants for federal broadband funding provide a letter of credit to receive money.

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