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EUR 9597.00
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NSR Policy: OMB Orders Spending Pause: BEAD and USF Impact
Last week, we published two notes on the initial set of Trump Executive Orders (EOs) and their impact on the BEAD program. In the first, we noted that the program had escaped any impact, despite a vaguely worded order that some interpreted pausing payments for all infrastructure related expenditures. The White House subsequently confirmed our interpretation. But we warned that there were many more EOs to come and it was likely that there would be some Administration action affecting the program. That may have arrived late yesterday with an Office of Management and Budget (OMB) memo pausing federal grants and loans. In this quick update, we provide our initial assessment of the memo’s impact on BEAD.
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