Rural Broadband Modernization Act

The Rural Broadband Modernization Act amends the ReConnect program to ensure that broadband projects are eligible for federal loans and grants based on performance standards rather than the specific technology used. The bill requires that funded projects provide internet speeds of at least 100 Mbps downstream and 20 Mbps upstream, while prohibiting agencies from denying or deprioritizing applications because they use terrestrial, non-terrestrial, or low-Earth orbit satellite systems. This change directly affects rural communities and service providers by allowing a wider range of delivery methods to compete for funding. Additionally, the law mandates that the Secretary of Agriculture publish public reports on awarded projects within 30 days and issue final implementing regulations within 180 days of enactment.