From the Announcement:
Today President Obama announced a major new program, with the Digital Public Library of America as a core partner, that will provide children from across the country with greater access to thousands of ebooks. The Open eBooks initiative will include ebooks from DPLA’s extensive collection of openly available content as well as contemporary titles from publishers, which are being generously donated as part of the effort and available for free to students from low-income families. The publisher commitments include $250 million in ebook donations. DPLA’s national network of librarians will help coordinate books for inclusion in the program, and will connect to children and libraries across America.around the globe who use its resources at www.nypl.org.