U.S. lawmakers to back $1.9 billion to replace telecom equipment from China’s Huawei, ZTEDecember 20, 2020
WASHINGTON (Reuters) – U.S. lawmakers are expected to endorse $1.9 billion to fund a program to remove telecom network equipment that the U.S. government says pose national security risks as part of a year-end spending bill and COVID-19 bill, a source briefed on the matter said Sunday.
The Federal Communications Commission said in June it had formally designated China’s Huawei Technologies Co and ZTE Corp (HK:) as threats, a declaration that bars U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies. Earlier this month, the FCC finalized rules that require carriers with ZTE or Huawei equipment to “rip and replace” that equipment but is awaiting funding from Congress.
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