US House Votes on $3B Fund for Telecom Equipment Replacement

1 min read
Source: Investing.com
TL;DR

The U.S. House of Representatives is set to vote on a defense bill that allocates over $3 billion to help U.S. telecom companies remove Chinese-made equipment from Huawei and ZTE, addressing security concerns. This funding aims to cover a shortfall in the "rip and replace" program, which is crucial for maintaining connectivity in rural areas. The Federal Communications Commission estimates the total cost at $4.98 billion, and the lack of full funding could risk network shutdowns and impact emergency services.

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