The Biden administration on Monday announced $42.45 billion to connect all Americans to high-speed broadband internet by the end of the decade, likening the ambitious goal to FDR’s New Deal-era rural electrification program that brought the then-modern technology to farms and rural areas across the United States. The funds, which will be distributed as grants across U.S. states and territories, are allocated under the bipartisan infrastructure law passed in 2021. Iowa is set to receive $415.3 million, according to the White House. The money will first be prioritized to install and upgrade broadband networks, according to the White House. Once those goals are met, the remaining funds can be used for “access-, adoption- and equity-related uses.” The Department of Commerce’s National Telecommunications and Information Administration will administer the grants to all 50 states, as well as the District of Columbia and five U.S. territories. The funding comes from the Broadband Equity, Access and Deployment program established under the Infrastructure Investment and Jobs Act.