Capitol Hill

President Biden on March 11, 2021 signed a further Coronavirus emergency spending package into law – the American Rescue Plan (ARP) Act ($1.9 trillion). A very high-level summary of the major spending components of the legislation can be found here (courtesy of CTC Technology & Energy) – but the notable highlights include a $10 billion “capital projects” grant fund for states[1] (made available through the Department of Treasury) and $7.1 billion appropriated to the E-rate Program to support broadband to students outside of the classroom (more below on this in the E-rate section). The Treasury Department’s regulations for the capital projects grant fund are due by May 10, 2021.