Sec. 2. Clarification of relationship to universal service contributions; FCC borrowing authority for Affordable Connectivity Program
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Section 904(i) of division N of the Consolidated Appropriations Act, 2021 ( 47 U.S.C. 1752(i) ) is amended— by striking paragraph (4); by redesignating paragraph
(5)as paragraph (4); and by adding at the end the following: During the 2-year period beginning on the date of enactment of the Promoting Affordable Connectivity Act of 2024 , the Commission may borrow from the Treasury of the United States an amount not to exceed $25,000,000,000, to be used in the same manner as amounts in the Affordable Connectivity Fund. Not later than 8 years after the date as of which the amendments made by subsections
(a)and (b)(1) of section 3 of the Promoting Affordable Connectivity Act of 2024 have been implemented, as determined by the Commission, the Commission shall, using amounts from the Federal universal service support mechanisms, reimburse the general fund of the Treasury for any amounts borrowed under subparagraph
(A)of this paragraph. .
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Sec. 2
Clarification of relationship to universal service contributions; FCC borrowing authority for Affordable Connectivity Program
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