Amends the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make grants supporting the advancement of high-speed telecommunications in regions with low per capita income, high unemployment, or economic adjustment problems that have populations of no more than one million.
Limits the maximum assistance for any one region to $1 million.
Sets Federal cost sharing for projects carried out using funds authorized by this Act at 50 percent. Authorizes in-kind contributions for the non-Federal share of project costs.
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman.
Introduced in Senate
Read twice and referred to the Committee on Environment and Public Works.
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