Broadband Expansion Grant Initiative of 2001 - Authorizes the Secretary of Commerce to: (1) make grants to eligible recipients to facilitate the deployment by the private sector of broadband telecommunications networks and capabilities to underserved rural areas; and (2) guarantee loans used for such purpose. Requires particular emphasis to be given to entities that use grant proceeds to: (1) provide underserved rural areas with access to Internet services by local telephone; (2) demonstrate models or technologies to bring broadband services to such areas; and (3) use broadband services to stimulate economic development in such areas.
Limits to $100 million the total amount of such grants.
Actions
Apr 25, 2001
Referred to the Subcommittee on Telecommunications and the Internet.
Apr 4, 2001
Referred to the House Committee on Energy and Commerce.