Is the FCC trying to censor the alternative news and free speech on the internet?

I heard a rumor that the FCC wanted to put a peice of hardware, maybe like a proxy server, to regulate, filter, and monitor internet traffic. Is this a violation of the 4th amendment? I think that if a person is caught doing something wrong then perhaps this is fine. but to do it like this, I think is wrong. please dont sideball the question and bring up the patriot act. i think that is unconstitutional and a violation of the 4th amendment also. i just want to know more about this move by the obama appointed FCC chairman. or any other details anyone has to offer.
obviously, cencoring freedom of speech is a violation of the 1st amendment. forgot to mention that.
I am aware of emails, attachments, and cryptography, stegnography, SHA-1, PKI, Rijndael, AES, and many other technologies. Not to mention the military grade COMSEC equipment I have used to implement encryption. I am a security professional. This is not new to me. Unfortunately, you are wrong in thinking it would cost the government billions. It would cost the taxpayer billions and the internet users billions. Its simple. A device would be put inbetween the internet user’s home and the ISP. Yup, you guessed it. The internet user would have to pay for that device and additional taxes; I am sure, if this were in place. Someone else please?

there are politicians moving to make this provision. If people dont like it, they need to get off there duffs, call, email, or mail a letter to their congressman and tell them they dont want censorship. This is America! Land of the free! Home of the brave!! we cherish our right to free speech and it is not at the liberty of the government that it should be removed! in ANY shape or form!! however, if someone is making threats they violate other peoples life, liberty, and pursuit of happiness and the arm of the law should try that individual in a court of law. If a person is suspected of illegal activity and only WITH a warrant should that person’s activities be monitored. this is in accordance with the 4th amendment and the Patriot Act. Correct me if I am wrong, please.