The CFI Committee Newsletter is an information service of the NCSL Communications, Financial Services and Interstate Commerce Committee. Published monthly, the newsletter tracks communications, financial services and interstate commerce news in the states and across the federal government.
The survey finds that 36 million Americans—1 in 5 home borrowers—have used alternative financing to purchase a home. These arrangements are often riskier and costlier than mortgages and there are significant disparities across demographics: For example, Black and hispanic home borrowers, and those earning under $50,000 annually, are more likely to have used alternative financing than others.
Created through the Infrastructure Investment and Jobs Act, the ACP allows tens of millions of American households to reduce their internet service costs by up to $30/month (or $75/month on tribal lands). The new getinternet.gov website provides details on how Americans can sign up for ACP and find participating internet providers in their area.
Join us in Denver Aug. 1-3 for an exceptional opportunity to converse with colleagues—old and new and from capitals across the country. You won’t want to miss the unparalleled networking, learning and inspiration tailored for those who work in and around state legislatures.
With high levels of financial literacy continuing to elude many Americans, 28 states and the U.S. Virgin Islands now require a financial literacy course or content to be taught or included in the education standards for K-12 students.
Since the COVID-19 pandemic, disruptions in the supply chain and labor force, combined with other factors, have resulted in new concerns about rising prices. While the price of many other vital goods and services have increased, in some cases by massive amounts, the price of broadband internet has remained stable.
What is it about a smart city or community that makes it ‘smart?’ The Framework provides the basis for developing measurement methods and tools that allow for integration, adaptability, and extensibility at three interacting levels of analysis: technologies, infrastructure services, and community benefits.
Fixed broadband service providers may now access a preliminary version of the Broadband Serviceable Location Fabric, a comprehensive database of broadband serviceable locations, to assist them in preparing their broadband availability data for the Broadband Data Collection (BDC). Broadband availability data can be submitted in the BDC beginning June 30, 2022, and are due no later than Sept. 1, 2022.
Federal bank regulatory agencies jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act, a landmark law enacted 45 years ago to encourage banks to help meet the credit needs of their local communities, including low- and moderate-income neighborhoods, in a safe and sound manner. Comments will be accepted until Aug. 5, 2022.
Join NCSL housing policy experts May 26, at 3 p.m. ET, for ARPA Office Hours to answer all your questions about how states are using ARPA funding to alleviate pandemic-related challenges. This is one in a series of virtual meetings where you can drop in to hear from the experts and exchange ideas with your peers. Office Hours are open to state legislators and legislative staff only. Register now!
April 27 | Broadband 2022 Legislation
April 26 | State Laws Related to Digital Privacy
April 25 | Financial Literacy 2022 Legislation
April 25 | State 9-1-1 Bill Tracking Database
April 12 | 2022 Consumer Privacy Legislation
April 8 | Legislative Information Technology
April 4 | Statewide Chief Information Security Officers
April 4 | Statewide Cybersecurity Task Forces
All 50 states faced cyberattacks against public infrastructure in the past 24 months, with new reports being added weekly. With a renewed sense of urgency, lawmakers introduced more than 250 bills or resolutions last year dealing with cybersecurity.
- U.S. Department of Housing and Urban Development: Interagency Task Force on Property Appraisal and Valuation Equity
The Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), composed of 13 federal agencies and offices, released the Action Plan to Advance Property Appraisal and Valuation Equity to address racial and ethnic bias in home valuations.
State and district attorneys in Connecticut, the District of Columbia, Idaho, Kentucky, Minnesota, New Jersey, and Wyoming will partner with the FCC to work together to combat robocall scams, bringing the total number of state-federal partnerships to 22. These memoranda of understanding between state robocall investigators and the FCC’s Enforcement Bureau establish critical information sharing and cooperation structures to investigate spoofing and robocalls scam campaigns.
State policymakers are beginning to examine their debt collection policies and trends and assess how these fit into a broader discussion of modernizing civil courts. In this webinar, industry experts discuss debt collection lawsuits and what state legislators can do to improve court efficiency and ensure equitable outcomes.
In January, President Biden signed a National Security Memorandum (NSM) to improve the cybersecurity of the National Security, Department of Defense, and Intelligence Community Systems as required by Executive Order 14028, Improving the Nation’s Cybersecurity. The NSM requires that, as a minimum, national security systems employ the same network cybersecurity measures as those required of federal civilian networks.
April is Financial Literacy Month. Thirty-four states, Puerto Rico and the District of Columbia have financial literacy legislation in 2022.
- NCSL Event: Get Your ARPA Broadband Questions Answered
Join NCSL broadband policy experts April 28, at 3 p.m. ET for ARPA Office Hours to answer all your questions about how states are using ARPA funding to alleviate pandemic-related challenges. This is one in a series of virtual meetings where you can drop in to hear from the experts and exchange ideas with your peers. Office Hours are open to state legislators and legislative staff only. Register now:
March 29 | 2022 Consumer Privacy Legislation
March 18 | State 9-1-1 Bill Tracking Database
March 17 | Cryptocurrency 2022 Legislation
March 10 | Price Gouging Statutes
March 10 | 2022 Security Breach Legislation
March 10 | Overview: Security Breaches
The National Telecommunications and Information Administration discussed the federal infrastructure bill’s Broadband Equity, Access and Deployment Program, which will send $42.5 billion directly to states, as well as other programs to increase digital equity and expand middle mile infrastructure to reduce the cost of connecting unserved areas
Released in February, the report contains a series of recommendations for small businesses and new marketplace entrants. The report, Competition in the Market for Beer, Wine and Spirits, is a product of Executive Order 14036, Promoting Competition in the American Economy.
Industry participant responses have varied. According to the National Beer Wholesalers Association President Craig Purser, “The American beer industry is intensely competitive and successful, as demonstrated by TTB data showing the growth in the number of permitted breweries from around 2,000 to 13,380 over the last 11 years. The Biden administration’s competition executive order attempts to offer a thorough review of the alcohol industry, however, the report remains incomplete. We look forward to continuing to work with the administration, the states and Congress as a partner and educational resource to maintain balance and competition in the U.S. beer industry.” Other responses include:
American Beverage Licensees: Independent Alcohol Retailers React to Alcohol Industry Competition Report
Beer Institute: Beer Industry Experiencing Unprecedented Levels of Competition in Contrast to Treasury Report on Alcohol
Brewers Association: Treasury Department Publishes Competition in the Markets for Beer, Wine, and Spirits Report
Healthy Alcohol Marketplace: Feds Miss the Boat on Public Health
Wine & Spirits Wholesalers of America: WSWA Issues Statement on Today's Treasury Report Promoting Competition in The Economy
Latest reports show that total household debt in the United States reached $15.58 trillion, increasing by $333 billion (2.2%) in the fourth quarter of 2021, while credit card balances increased by $52 billion. Millions of Americans are sued each year for the collection of these consumer debts and encounter a complicated, backlogged civil legal system. State policymakers are beginning to examine their debt collection policies and trends and assess how these fit into a broader discussion of modernizing civil courts. Join public policy and industry experts to learn more about debt collection lawsuits and what state legislators can do to improve the court efficiency and ensure equitable outcomes for all parties involved.
The Federal Reserve Board released a discussion paper that examines the pros and cons of a potential U.S. central bank digital currency (CBDC). The paper summarizes the current state of the domestic payments system, discusses the different types of digital payment methods and assets that have emerged in recent years, including stablecoins and other cryptocurrencies, and examines the potential benefits and risks of a CBDC, and identifies specific policy considerations.
- Get Your ARPA Fiscal Questions Answered
Join NCSL health policy experts March 31, at 3 p.m. ET for ARPA Office Hours to answer all your questions about how states are using ARPA funding to alleviate pandemic-related challenges. This is one in a series of virtual meetings where you can drop in to hear from the experts and exchange ideas with your peers. Office Hours are open to state legislators and legislative staff only. Register now:
- Health | March 31, 3 p.m. ET
- Broadband | April 28, 3 p.m. ET
- Housing | May 26, 3 p.m. ET
Feb. 25 | State Laws Related to Digital Privacy
Feb. 24 | Payday Lending 2021 Legislation
Feb. 22 | Privacy Work Group
Feb. 18 | State 9-1-1 Bill Tracking Database
Feb. 14 | Private Use of Location Tracking Devices: State Statutes
Feb. 8 | Cryptocurrency 2022 Legislation
Feb. 3 | Preserving Legislative Digital Records: Resources
Feb. 3 | Automated License Plate Readers: State Statutes
- NCSL Broadband Briefing with National Telecommunications & Information Administration
NCSL will host a virtual briefing for legislators and legislative staff with the National Telecommunications & Information Administration, an agency within the U.S. Department of Commerce. The briefing will focus on the broadband programs and funding made available in the recently passed Infrastructure Investment & Jobs Act. It will be held on Thursday, February 17, at 4 p.m. Eastern Time and legislators and legislative staff interested in joining can register through the link.
The White House has released a guidebook that details the various component of the Infrastructure Investment & Jobs Act, from roads and bridges, ports, rail, and electric vehicles to broadband, water infrastructure, and clean energy.
Medical debt | How states are supporting consumers
Policymakers are assessing strategies to prevent patients from receiving costly medical bills in the first place and to safeguard those struggling with debt.
FCC Chairwoman Jessica Rosenworcel recently announced a proposed Report, Order and Declaratory Ruling that is meant to promote competition and increase options among broadband services for people living in multiple tenant environments, such as apartment complexes.
- Get Your ARPA Fiscal Questions Answered
Join NCSL fiscal policy experts Feb. 24 at 3 p.m. ET for ARPA Office Hours to answer all your questions about how states are using ARPA funding to alleviate pandemic-related challenges. This is one in a series of virtual meetings where you can drop in to hear from the experts and exchange ideas with your peers. Office Hours are open to state legislators and legislative staff only. Register now:
Jan. 31 | State Broadband Task Forces, Commissions, or Authorities
Jan. 25 | State Open Data Laws and Policies
Jan. 24 | Privacy of Data from Event Data Recorders: State Statutes
Jan. 20 | Statewide Chief Information Security Officers
Jan. 20 | State Internet Filtering Laws
Jan. 17 | Security Breach Notification Laws
Jan. 17 | Uniform Electronic Legal Material Act: State Legislation
Jan. 12 | State 9-1-1 Bill Tracking Database
Jan. 12 | Cybersecurity Legislation 2021
Jan. 12 | 2021 Security Breach Legislation
Jan. 7 | Broadband 2021 Legislation
Jan. 5 | Legislation Related to Artificial Intelligence
Jan. 4 | Statewide Cybersecurity Task Forces
Jan 3. | Privacy Protections in State Constitutions
Federally insured credit unions (FICUs) can now partner with third parties to provide digital asset services, provided that FICUs must comply with applicable laws and should follow safe-and-sound business practices in the provision of digital asset services through third-party arrangements.
The NTIA added Louisiana, Nevada, American Samoa, and Puerto Rico to the participant list of the National Broadband Availability Map, along with Puerto Rico and American Samoa. The map is a geographic information platform that compiles information from the Federal Communications Commission, U.S. Census Bureau, USDA, state governments, and private companies to provide an interactive map to determine broadband mapping needs.
NTIA has also released a publicly available digital map called the “Indicators of Broadband Need” that is the first interactive tool that uses third-party data with public data to better understand the digital divide. A list of data sources with descriptions can be found by clicking on the information widget in the map as well as instructions on how to download the county, census tract and census block level data used in the map.
In November, the Federal Reserve Bank of New York hosted a virtual event, "An Economy That Works for All: Fostering Low-Income Homeownership." This event featured presentations by researchers at Federal Reserve Banks on the latest research on mortgage forbearance and refinancing, with focus on differences across income and race and another panel featured leaders from the financial and banking sector discussing their efforts to address hurdles to first-time homebuying for low-income families and mortgage forbearance.
According to a new EducationSuperHighway report, 18 million American households (46.9 million people) have access to the internet but can’t afford to connect, despite the widespread availability of low-cost broadband options from internet service providers.
The FCC announced that the Affordable Connectivity Program, a broadband program that was overhauled in the recently passed Infrastructure Investment and Jobs Act is now open for enrollment. Allocating $14.2 billion to help low-income households afford internet access, the Affordable Connectivity Program replaces the Emergency Broadband Benefit Program. Eligible households can receive up to $30 per month off their internet service through the program.
Dec. 30 | State 9-1-1 Bill Tracking Database
Dec. 27 | 2021 Consumer Data Privacy Legislation
Dec. 21 | Consumer Report Security Freeze State Laws
Dec. 20 | Financial Literacy 2021 Legislation
Dec. 16 | Cryptocurrency 2021 Legislation