House Panel Probes Broadband Co.'s $267M USDA Loan

Law360, New York (November 9, 2011, 9:20 PM EST) -- A House panel launched an investigation into the U.S. Department of Agriculture's $267 million loan to Open Range Communications Inc. on Wednesday, over a month after the company that aimed to provide broadband Internet connections to rural communities filed for bankruptcy.

In a letter to the USDA's Rural Utilities Service, which awarded the loan in January 2009, leaders of the House Energy and Commerce Committee requested that RUS officials appear before the panel, citing concerns raised by the USDA's inspector general over the RUS' oversight of...
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