Caption
Dr. Alex Karp at Hudson Institute’s annual gala in New York on November 11, 2025.
Hudson Institute hosted Commissioner Michael O’Rielly to discuss the capping of the Federal Communications Commission’s (FCC) Federal Universal Service Fund (USF). The conversation was moderated by the Director of Hudson’s Center for the Economics of the Internet Harold Furchtgott-Roth.
Initiated under the Telecommunications Act of 1996, the USF was developed to encourage investment in universal telecommunications access. Funded entirely by telecommunications services user fees, the size of the USF has grown in recent years to more than $10 billion annually. This has led some in the FCC, including Commissioner O’Rielly and Chairman Ajit Pai, and members of Congress to propose a budget cap for the fund. Commissioner O’Rielly will discuss the implications of a budget cap on the USF.
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Join Senior Fellow Nadia Schadlow and an expert panel for a discussion on the DoW’s financial tools, the extent of the department’s authorities, and the role it will play in the broader American reindustrialization effort.
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Related Research
Caption
Prof. Peter Drucker talking to a group of top business, industrial, and government leaders from Poland on March 1, 1965, at New York University. (Getty Images)
Caption
The Supreme Court is seen on November 5, 2025, as the justices hear arguments on the legality of the Trump administration’s tariffs. (Getty Images)
Caption
Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, October 30, 2025. (Getty Images)
