Senators introduce amendment to fund ACP, LightReading reports

A bipartisan group of senators have introduced an amendment to the 2024 Federal Aviation Administration Reauthorization Act that would provide $6B in funding for the Affordable Connectivity Program, or ACP, which has provided a $30 monthly broadband subsidy for 23M qualifying low-income households, but is in its final month of funding, reported LightReading’s Nicole Ferraro. Companies that could be impacted by news about the broadband subsidy include Charter (CHTR), Comcast (CMCSA), AT&T (T), Verizon (VZ), T-Mobile (TMUS) and Altice USA (ATUS). The amendment will still require a vote in the Senate or the approval of Senate leadership to attach it to the FAA legislation, the report noted.