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The Federal Communications Commission (FCC) has changed the rules for letters of credit (LOCs) required for recipients of high-cost support under the Universal Service Fund programs. Previously, banks needed a specific safety rating to issue LOCs, but now they must be “well capitalized” according to federal bank standards. This change aims to make it easier for companies to secure LOCs, which are necessary to ensure rapid broadband deployment. Additionally, the FCC is allowing recipients to reduce the value of their LOCs faster if they meet certain deployment milestones, freeing up funds for more broadband expansion.

The Federal Communications Commission (FCC) is asking the public and other government agencies to comment on a revised plan to collect information, as part of their effort to reduce paperwork. This plan, which is necessary for the FCC to perform its duties properly, especially focuses on helping small businesses. The Commission plans to make changes to the rules related to information collection on broadband deployment, introducing new forms and updating how data is reported and certified. These updates will affect how broadband providers file their reports, aiming to streamline the process and reduce duplications.