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New Bill Would Offer $700M For Huawei Equipment Removal

Law360 (May 22, 2019, 7:29 PM EDT) -- A Senate bill floated Wednesday aims to help U.S. networks extract equipment made by Huawei, setting aside $700 million to subsidize the overhaul amid escalating fears that the Chinese telecom giant will use its technology to spy on American customers.

The United States 5G Leadership Act of 2019, introduced by a bipartisan group of senators led by Sen. Roger Wicker, R-Miss., would reserve money from future spectrum auctions to pay for higher-quality network components that do not present security concerns, according to a committee press release.

In a statement, co-sponsor Sen. Mark Warner, D-Va., said the bill is intended to help...

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