Release Date: Mar 23, 2007Contact: 888-249-NEWS
Chamber Commends FCC Decision to Objectively Examine "Net Neutrality"
Says Proceeding Will Confirm Broadband Regulation is Unwarranted
WASHINGTON, D.C.-The U.S. Chamber of Commerce today commended the Federal Communications Commission (FCC) decision to commence a Notice of Inquiry on broadband industry practices. The inquiry will help the FCC compile a fact-based record on the issues surrounding broadband and "net neutrality."
"The information gathered in this proceeding will show that 'net neutrality' regulations are unnecessary," said William L. Kovacs, Chamber vice president for Environment, Technology, & Regulatory Affairs. "Federal telecommunications policy should be driven by facts, not by fears, and must recognize the competitive nature of the industry today."
Information traveling on our nation's information superhighway will increase 500-fold by the year 2020 as demand for multimedia applications increases. Securities analysts at Bernstein Research and other investment banks estimate that deploying ultra-high-speed networks will cost as much as $400 billion.
Imposing "net neutrality" rules will create regulatory barriers that deter investment in these high-speed broadband networks, slow the deployment of innovative technologies, leave consumers with fewer choices and higher prices, and harm the ability of the United States to compete globally.
The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.
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