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This bill increases federal funding for the FCC's 'rip and replace' program, which removes Chinese telecommunications equipment from U.S. networks, from $1.9 billion to $4.98 billion and appropriates an additional $3.08 billion for fiscal year 2024. It also requires the FCC to conduct a competitive auction of spectrum licenses in the AWS-3 frequency bands within one year, with authority to complete the auction even if the FCC's general auction authority expires.
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