S. Rept. 116-186: Measuring the Economic Impact of Broadband Act of 2019, Report, Including Cost Estimate of the Congressional Budget Office, December 19, 2019 [open pdf - 373KB]
From the Document: "The purpose of S. 1289, the Measuring the Economic Impact of Broadband Act of 2019, is to require the Secretary of Commerce to conduct a biennial assessment and analysis of the effects of broadband deployment and adoption on the economy of the United States. [...] Both the private and public sectors make significant investments in broadband deployment. According to private sector estimates, capital expenditures by broadband providers on their networks have exceeded $1.6 trillion since 1996. The Federal Government has invested billions in broadband deployment through various programs, including the Federal Communications Commission's (FCC) Universal Service programs, the Department of Agriculture's Rural Utilities Service (RUS), and the Department of Commerce's Broadband Technology Opportunities Program. States and localities have also made investments in broadband buildout. Although more than 98 percent of the population of the country has access to either fixed terrestrial service at 25 megabits per second (Mbps) upload speeds and 3 Mbps download speeds or mobile long-term evolution (LTE) with median speed of 10 Mbps/3 Mbps, the FCC continues to report each year that there are millions of Americans who lack access to high-quality, high-speed Internet service."
S. Rept. 116-186; Senate Report 116-186
U.S. Government Publishing Office: http://www.gpo.gov/