USF Account Shifts to US Treasury, USAC Announces; Rosenworcel Knocks Move
The federal USF shift to the U.S. Treasury is moving ahead, with changes to the contribution and distribution processes happening Tuesday, Universal Service Administrative Co. emailed Monday. "Effective immediately, as of May 2018, USAC will accept payments to and distribute…
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funds from the U.S. Treasury," said a USAC announcement on a web page where it said further transition updates will be posted. FCC Commissioner Jessica Rosenworcel slammed the change and the way it was made. "In the dark of night last week, without notice to my office or a Commission vote, the FCC began to move universal service funds to the US Treasury," she said in a statement. The agency forgoes over $50 million in annual interest income. That money could have been used to support rural broadband. It could have been used to support telemedicine in our most remote communities. And it could have been used to connect over half a million students with the connectivity they need in school. This is a shame.”