FCC Unveils Plan To Roll Back Net Neutrality Rules
by Tyler Durden
ZeroHedge.com
Nov 21, 2017
The Trump administration has just set in motion a plan to repeal virtually all of the U.S. government’s existing net neutrality rules — a move that could soon deliver a major deregulatory win to telecom/cable giants like AT&T, Charter, Comcast and Verizon. Ironically, the move comes just as another Trump administration department, the DOJ, seems intent upon delivering a massive blow to AT&T’s efforts to acquire Time Warner.
According to a statement from FCC Chair Ajit Pai, the move is intended to return the internet to the “light-touch regulatory approach established by President Clinton and a Republican Congress.”
“For almost twenty years, the Internet thrived under the light-touch regulatory approach established by President Clinton and a Republican Congress. This bipartisan framework led the private sector to invest $1.5 trillion building communications networks throughout the United States. And it gave us an Internet economy that became the envy of the world.”
“But in 2015, the prior FCC bowed to pressure from President Obama. On a party-line vote, it imposed heavy-handed, utility-style regulations upon the Internet. That decision was a mistake. It’s depressed investment in building and expanding broadband networks and deterred innovation.”
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