# 116-hr-7857: CAN Act

116-hr-7857, CAN Act, is a 116th Congress bill sponsored by Rep. Ferguson, A. Drew, IV [R-GA-3] (R-GA); status Referred to the Subcommittee on Select Revenue Measures. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7857
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7857
- Congress: 116
- Title: CAN Act
- Status: Referred to the Subcommittee on Select Revenue Measures.
- Introduced: 2020-07-30
- Sponsor: Rep. Ferguson, A. Drew, IV [R-GA-3] (R-GA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Connect America Now Act or the CAN Act This bill allows an exclusion from gross income, for income tax purposes, of gain from the sale or exchange of the entire interest in a wholly-owned rural incumbent local exchange carrier. A rural incumbent local exchange carrier is a carrier that serves an area where it is required to provide communications services to any customer regardless of cost, and an area other than an urbanized area with not fewer than 50,000 periople, and a core where there are not fewer than 1,000 people per square mile. The bill requires recapture of tax for income from the sale or exchange of stock in a carrier not held for at least one year. The bill allows an investment tax credit for 30% of expenditures to purchase, maintain, or improve property to provide voice telephone service or broadband internet access in rural empowerment zones. The bill increases the volume cap for private activity bonds and allows the use of bond proceeds for infrastructure for broadband internet access service.

## Related bills

- 116-hr-8942: ASSIST Act
- 116-hr-8920: The PASTEUR Act
- 116-hr-8845: Medicare Multi-Cancer Early Detection Screening Coverage Act of 2020
- 116-hr-8702: Holding Providers Harmless From Medicare Cuts During COVID–19 Act of 2020
- 116-hr-8696: Securing a Strong Retirement Act of 2020
- 116-hr-8675: Preventing Regulatory Penalties for PPP Lenders Act

## Sources
- [116-hr-7857 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7857)

## Related
- [116-hr-8942: ASSIST Act](https://policyrisk.com/legislation/116-hr-8942)
- [116-hr-8920: The PASTEUR Act](https://policyrisk.com/legislation/116-hr-8920)
- [116-hr-8845: Medicare Multi-Cancer Early Detection Screening Coverage Act of 2020](https://policyrisk.com/legislation/116-hr-8845)
- [116-hr-8702: Holding Providers Harmless From Medicare Cuts During COVID–19 Act of 2020](https://policyrisk.com/legislation/116-hr-8702)
- [116-hr-8696: Securing a Strong Retirement Act of 2020](https://policyrisk.com/legislation/116-hr-8696)
- [116-hr-8675: Preventing Regulatory Penalties for PPP Lenders Act](https://policyrisk.com/legislation/116-hr-8675)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7857 (as of 2025-11-18).