The Federal Communications Commission (FCC) this week unveiled a $300 million fund to extend broadband to as many as 400,000 previously unserved homes, businesses and anchor institutions. Created by the regulator last October, FCC Chairman Julius Genachowski said the Connect America Fund (CAF) was a "once-in-a-generation reform of the Universal Service Fund" that will connect all Americans with broadband Internet by the end of the decade.