The main purpose of this legislation is to update the Communications Act of 1934 to ensure that local authorities, known as franchising authorities, handle requests for new cable franchises in a timely manner. The goal is to streamline the process for companies seeking to provide cable services, which can enhance competition and improve access to broadband services for consumers. Key provisions of the legislation include a requirement that franchising authorities must make a decision on a complete request for a new franchise within 120 days.