FCC Moving to Seek Rip and Replace Cash from U.S. Treasury

WASHINGTON, Jan. 2, 2025 – The Federal Communications Commission said last week it will take quick steps to secure extra cash that would allow the agency to fully reimburse providers for swapping out Chinese equipment.

The agency is borrowing the cash from the Treasury, which is set to be repaid by a spectrum auction.

“The Commission will expeditiously submit a request to borrow the funds,” the Wireline Competition Bureau said in a Dec. 26 public notice. “Once approved, the Bureau and [Office of Managing Director] will then release a Public Notice announcing the date on which the additional funding will be available for distribution.”