NEWS Federal Communications Commission 445 12th Street, S.W. Washington, D. C. 20554 This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action. See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974). News Media Information 202 / 418-0500 Internet: http://www.fcc.gov TTY: 1-888-835-5322 FOR IMMEDIATE RELEASE: NEWS MEDIA CONTACT: April 25 , 2012 Neil Grace, 202-418-0506 Email: neil.grace@fcc.gov STATEMENT OF FCC CHAIRMAN JULIUS GENACHOWSKI ON THE LAUNCH OF THE NEW “CONNECT AMERICA FUND” “Last year, the Commission adopted once-in-a-generation reform of the Universal Service Fund, modernizing it to help connect every American to the jobs and economic growth that high-speed Internet provides. Today, we continue our work to unleash the benefits of broadband for all Americans, regardless of where they live, and consistent with fiscal responsibility. By cutting waste, we are saving hundreds of millions of dollars – and those savings will now provide an immediate boost to broadband deployment in unserved areas. All Americans will benefit while our nation's global competitiveness is strengthened.” -FCC-