The House last week passed legislation that would provide $1.25 billion in loan guarantees to help satellite providers offer local TV stations in rural communities. - Broadcasting & Cable

The House last week passed legislation that would provide $1.25 billion in loan guarantees to help satellite providers offer local TV stations in rural communities.

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The House last week passed legislation that would provide $1.25 billion in loan guarantees to help satellite providers offer local TV stations in rural communities. A federal guarantee would cover 80% of a loan.

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