Friday, July 2, 2010

Alert: House Appropriations Cuts $602 Million from Broadband Stimulus

House Action Targets 14% Cut in Remaining Broadband Program Funds 07/02/2010 Boston - The U.S. House yesterday voted in favor of a supplemental budget proposal of the Committee on Appropriations which aims to cut $602 Million from the previously appropriated $7.2 billion broadband stimulus program within the American Recovery and Reinvestment Act of 2009 (ARRA).

Rep. David R. Obey, Chairman of House Appropriations
According to a press statement (below) released yesterday by Committee Chairman David R. Obey (D-WI-07), the $602 million figure is part of an overall "$11.7 billion in rescissions from programs that no longer require the funding, have sufficient funds on hand, or do not need the funding this year or next and $4.7 billion in savings from changes to mandatory programs." 

Should the House rescission effort be agreed to by the Senate, and signed by President Obama, the cut of $602 million will equal approximately 14% of the remaining broadband stimulus funds which have not been announced as awarded to date.  This calculation includes the the $795 million in awards announced by President Obama earlier today.
War Supplemental Summary House Ammt.6.30.10
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