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The Taiwan Semiconductor Manufacturing Company’s Fab 20, which specializes in the production of 2-nanometer advanced chips, in Hsinchu, Taiwan, on March 28, 2026. (Getty Images)
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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Please join Hudson Institute for a fireside chat between Hudson Senior Fellow Nadia Schadlow and Deputy Assistant Secretary for Industrial Base Growth and Director of the Office of Small Business Programs James Mismash.
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Please join Hudson Institute Senior Fellows Bryan Clark and Dan Patt for a conversation with Under Secretary of War for Research and Engineering Emil Michael about the Department of War’s efforts to bring AI to the battlefield and implement an innovation strategy that makes the most of America’s commercial and government research sectors.
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A sign is displayed at the Office of the Comptroller of the Currency (OCC) headquarters on June 1, 2025, in Washington, DC. (Getty Images)
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A man walks past an electronic board displaying the movement of 10-year government bonds in Tokyo on December 22, 2025. (Getty Images)
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(Screenshot via YouTube)
