Good News for Consumers, Innovators and Economic Markets

Appreciate it to the over four million People in america who participated in the Open Internet continuing. Thanks to them, this decision online openness was itself the most open up proceeding in the history of the FCC.

As a result, the FCC today has taken an important step that should reassure consumers, innovators and the economic markets about the broadband future of our own nation.

Consumers right now know that lawful content will not be blocked or their service throttled. Today’s action puts in place bright range rules to ban these practices outright.

Innovators right now know they will have open entry to consumers without worrying about pay-for-preference fast lanes. This, too, is a vivid line rule to ban paid prioritization.

Financial markets now know that rate regulation, tariffing and forced unbundling – the old-style utility regulation – continues to be superseded by a modernized regulatory strategy that has already been demonstrated to work. The rules under which the wireless industry spent $300 billion to build a vibrant plus growing business are the pro-investment design for the rules we adopted nowadays.

The future of the Internet will not reside in backward-looking regulation from one more era. There are 48 sections of Name II of the Communications Act. The modern regulatory approach we adopted nowadays cuts away 27 of those procedures (even more than were removed for mobile voice service) to establish the above-mentioned bright line regulations for issues that exist today, and to use the well-known “just and reasonable” standard as the rule for Web activity going forward.

The rationale for this modernization of Title II is simple: we want consumers and innovators to be protected, and we want ISPs to continue to have the economic incentive to develop fast and competitive broadband networks. It is in the interest of consumers, innovators and Wall Street that absolutely nothing in today’s Order alters the economic model for continued network expansion. The ISPs’ consumer income streams tomorrow will be the same as these were yesterday. I believe this is why Sprint, T-Mobile, Frontier Communications, and Google Fiber, along with hundreds of smaller phone corporation ISPs have said they would continue to keep invest under the Commission’s modern regulating approach.

Today is a red letter day both to have an Open Internet, and for a broadband future of investment and expansion.

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