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President Biden Signs Relief Plan Authorizing Technology Funding

March 26, 2021 | 1 minute read
Proven Optics

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Proven Optics

On March 11th, President Biden signed the American Rescue Plan Act into law. This $1.9 trillion COVID-19 relief bill was a priority for President Biden and formed the centerpiece of his administration’s initial legislative agenda. 

Important new investments in the bill from a Federal technology perspective include $1 billion for the Technology Modernization Fund, $650 million for the Cybersecurity and Infrastructure Security Administration, $7.17 billion for an emergency connectivity fund, and $2 billion for state unemployment insurance infrastructure.

“In the weeks that this bill has been discussed and debated, it’s clear that an overwhelming percentage of American people – Democrats, independents, and Republican friends – people out there have made it clear they strongly support the American Rescue Plan. Yesterday was the final passage of the plan in the House of Representatives. Their voices were heard and reflected in everything we have in this bill,” President Biden said at the signing. He continues, “And I believe this is – and most people I think do as well – this historic legislation is about rebuilding the backbone of this country.”

For more insight, read the full Meritalk article here.