A bill pending in two House committees would allow state and local governments and other municipal bond issuers to sell up to $11 billion of tax-credit bonds over a three-year period to finance new broadband infrastructure projects.

The bill, introduced on Jan. 28 by Rep. Anna G. Eshoo, D-Calif., would amend the Internal Revenue Code of 1986 to provide income tax credits for the broadband bondholders, and would require the proceeds to be used entirely for certain broadband projects that would provide residents or small businesses with high-speed Internet access.

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