A bill to amend the Rural Electrification Act of 1936, as amended, to provide for the financing of telecommunication facilities for cable television and other broadband services in small towns and rural areas.

Amends the Rural Electrification Act of 1936 to redefine telephone service as any telecommunication service for the transmission of voice, data, sounds, signals, pictures, writing, or signs of all kinds by wire, radio, light, or other electromagnetic systems, including all lines, facilities, or systems used in the rendition of such service, including community antenna and cable television facilities; but not including message telegram service, or radio broadcasting services or facilities.