1. Short title This Act may be cited as the Cable Access for Broadband and Local Economic Leadership Act or the CABLE Leadership Act . 2. Request for new franchise Section 621 of the Communications Act of 1934 ( 47 U.S.C. 541 ) is amended by adding at the end the following: (g) Timing of decision on request for franchise (1) In general Not later than 120 days after the date on which a franchising authority receives a complete request for the grant of a franchise (other than a renewal thereof), the franchising authority shall approve or deny such request. (2) Deemed grant of new franchise If the franchising authority does not approve or deny a request under paragraph (1) by the day after the date on which the time period ends under such paragraph, such request shall be deemed granted on such day. (3) Applicability Notwithstanding any provision of this title, the timeframe under paragraph (1) shall apply collectively to all proceedings required by a franchising authority for the approval of the request. (4) No tolling The timeframe under paragraph (1) may not be tolled by any moratorium, whether express or de facto, imposed by a franchising authority on the consideration of any request for a franchise. (5) Written decision and record Any decision by a franchising authority to deny a complete request for a franchise shall be— (A) in writing; (B) supported by substantial evidence contained in a written record; and (C) publicly released, and provided to the requesting party, on the same day such decision is made. (6) When request considered complete; received (A) When request considered complete (i) In general For the purposes of this subsection, a request to a franchising authority shall be considered complete if the requesting party— (I) has taken the first procedural step within the control of the requesting party that the franchising authority requires as part of the process of the franchising authority for reviewing requests related to franchises