Recently Republican Senator Shelley Moore Capito from West Virginia introduced the Gigabit Opportunity GO Act. Now Democratic Senator Chris Coons of Delaware has signed on as a co-sponsor of the bill.
This bill would encourage companies to expand gigabit Internet to new areas by offering a tax credit to help offset the cost.
The bill won’t be just about broadband but will also encourage companies to invest in the new 5G Internet standard. This wireless broadband will help expand broadband speeds to new areas. The new 5G standard will not only offer faster speeds for many but will also bring in new competition to the Internet market—something that is badly lacking in many areas of the United States.
In a statement released after the news of Coons’ support, Pai said, “Closing the digital divide is a top national priority. Gigabit Opportunity Zones would go a long way toward meeting that priority. By streamlining regulations to encourage broadband deployment and establishing targeted tax incentives for entrepreneurs to build those networks, we can empower millions of Americans, rural and urban alike. This is a common sense idea, and I’m excited to see it gaining bipartisan support.”
Hopefully this new move to faster internet will help push the growth of services like Sling TV, PlayStation Vue, DIRECTV NOW, and more.
Source: Broadcasting Cable
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