FCC's Genachowski proposes moving billions in phone fund to Internet - The Hill's Hillicon Valley

By Sara Jerome - 02/06/11 09:04 PM ET

Federal Communications Commission (FCC) Chairman Julius Genachowski will propose on Monday to migrate most government subsidies for traditional telephone service to instead fund high-speed Internet.

Genachowski will lay out his agenda for reforming the nearly $8 billion Universal Service program in a presentation at the Information Technology and Innovation Foundation.