Bill Overview
Title: Prioritizing Digital Infrastructure Financing Act
Description: This bill directs the United States International Development Finance Corporation to prioritize projects that increase digital infrastructure and connectivity. The bill also requires the Corporation to submit a report on regions and countries with the greatest need for digital infrastructure.
Sponsors: Rep. Larsen, Rick [D-WA-2]
Target Audience
Population: People in regions with limited digital infrastructure
Estimated Size: 500000
- The bill aims to prioritize projects that enhance digital infrastructure and connectivity, which is integral for economic development and integration into the global digital economy.
- Regions and countries with limited digital infrastructure will benefit most, including developing countries and rural areas in both developed and developing nations.
- Improved digital infrastructure can help bridge the digital divide and enable access to education, healthcare, and employment opportunities online.
- The bill encourages investments that will create more equitable digital access, impacting numerous sectors globally.
Reasoning
- The policy effects will be most pronounced on individuals involved in sectors related to digital infrastructure and international development. Their Cantril wellbeing scores will likely reflect changes due to indirect benefits or workload shifts.
- We assume the general US population will see minor or indirect changes, thus a mix of no impact and low impact is predicted.
- The policy is globally focused, so significant changes in wellbeing for the average US citizen are unlikely unless they are directly engaged in relevant industries.
- The target budget is limited relative to the global population size, thus direct large-scale changes in domestic U.S. wellbeing are not feasible.
Simulated Interviews
Digital Infrastructure Analyst (Washington D.C.)
Age: 45 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- I see potential opportunities for expansion in our projects due to this act.
- While the immediate personal benefit is minimal, our organization might see growth.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 9 | 8 |
Software Developer (Silicon Valley, CA)
Age: 33 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 6/20
Statement of Opinion:
- The act could increase demand for my skills as it emphasizes digital infrastructure.
- It's about aligning with new development projects globally.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 9 | 7 |
Teacher (Rural Kansas)
Age: 58 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- Any enhancement in digital connectivity can make a huge difference in rural education.
- Indirect benefits may surface over time.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Investment Strategist (New York, NY)
Age: 40 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 8/20
Statement of Opinion:
- Investment opportunities might widen with such a bill as the demand for infrastructure projects rises.
- Not a direct impact but will affect my portfolio strategy.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 9 | 8 |
Remote IT Support Specialist (Austin, TX)
Age: 50 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 7/20
Statement of Opinion:
- Improved global digital infrastructure means more stable connections with my international clients.
- Job stability might incrementally improve over the years.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
University Student (Miami, FL)
Age: 25 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 9/20
Statement of Opinion:
- I think initiatives like this highlight the importance of reducing the digital divide globally.
- It's not about direct impact, but it's an area I'm passionate about.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Retired (Boston, MA)
Age: 62 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 0.0 years
Commonness: 15/20
Statement of Opinion:
- Interesting to see the US focus on digital infrastructure globally.
- Not directly affected but hopeful about future global equity.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Digital Marketing Specialist (Chicago, IL)
Age: 39 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 10/20
Statement of Opinion:
- Such acts expand the scope of digital marketing in developing regions.
- Growth in digital sectors might reflect in job security.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
International Trade Analyst (Seattle, WA)
Age: 28 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 8.0 years
Commonness: 12/20
Statement of Opinion:
- I view this as an opportunity to analyze new market potentials.
- My role could evolve with these infrastructural investments.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 7 |
| Year 20 | 9 | 7 |
Telecommunication Engineer (Atlanta, GA)
Age: 29 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 11/20
Statement of Opinion:
- This can multiply job opportunities in engineering overseas projects.
- Engagement with global development strategies is promising.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 8 |
| Year 20 | 9 | 8 |
Cost Estimates
Year 1: $50000000 (Low: $30000000, High: $70000000)
Year 2: $51000000 (Low: $31000000, High: $71000000)
Year 3: $52020000 (Low: $32000000, High: $72020000)
Year 5: $54081600 (Low: $34000000, High: $74081600)
Year 10: $59208500 (Low: $38000000, High: $79208500)
Year 100: $114959548 (Low: $87000000, High: $135959548)
Key Considerations
- The focus on international digital infrastructure necessitates efficient allocation of U.S. resources and expert oversight to ensure optimal project selection and execution.
- The anticipated global digital infrastructure boom could enable U.S. tech companies to expand their market reach, provided their competitive position is maintained.