A key Senate committee that oversees the technology and telecom industries released its portion of President Donald Trump’s sweeping tax cuts and spending bill on Thursday.
- Proposal includes reauthorization of Federal Communication Commission’s spectrum auctioning authority that aims to generate $85 billion for government
- Also provides $500 million for broadband program that can be used to build AI infrastructure
- States must pause regulations on AI for the next decade to receive access to funds, tweaking a controversial provision in House draft version
- Bill outlines investments in Coast Guard, air traffic control, other transportation
- Read full text here and section-by-section summary ...