Rural Internet Improvement Act of 2023

The Rural Internet Improvement Act of 2023 updates the USDA's ReConnect Program to expand rural broadband access. It raises minimum broadband speed requirements from 10/1 Mbps to 25/3 Mbps for new projects (later increasing to 100/20 Mbps for future grants), directly affecting rural broadband providers applying for USDA grants, loans, or loan guarantees. Key provisions simplify applications by reducing required data, allowing bond ratings instead of full financial documentation, and preventing duplication of existing broadband infrastructure projects. The bill also requires annual public reports on project distribution, locations served, and service levels to ensure transparency.