Excess BEAD Funds Should Go Back to Treasury: FSF's O'Rielly
Most, if not all, of the money left over from BEAD after deployment work is done should go back to the U.S. Treasury, former FCC Commissioner Mike O'Rielly wrote Tuesday. States' BEAD plans ultimately could come in 30%-50% below budget,…
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said O'Rielly, an adjunct senior fellow at the Free State Foundation. "Even in D.C.," the $20 billion or so that it would save "is real money." By returning the excess money, which resulted from the "Benefit of the Bargain" reforms to BEAD, the Commerce Department would show "that the Trump Administration is indeed giving American taxpayers a real 'Benefit,'" he said. It's also "the most reasonable course," given the national debt. However, O'Rielly added that there's a valid argument that some funds should be held back for inevitable, unforeseen deployment needs, as some BEAD funding winners "will fumble."