financetom
Business
financetom
/
Business
/
Net neutrality rules restored by US agency, reversing Trump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Net neutrality rules restored by US agency, reversing Trump
Apr 25, 2024 10:53 AM

WASHINGTON (Reuters) -The U.S. Federal Communications Commission voted 3-2 on Thursday to reinstate landmark net neutrality rules and reassume regulatory oversight of broadband internet rescinded under former President Donald Trump.

The commission voted along party lines to finalize a proposal first advanced in October to reinstate open internet rules adopted in 2015 and re-establish the commission's broadband authority.

FCC Chair Jessica Rosenworcel said the agency "believes every consumer deserves internet access that is fast, open, and fair."

"The last FCC threw this authority away and decided broadband needed no supervision," she said.

Net neutrality refers to the principle that internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites.

The FCC said it was also using its new authority to order the U.S. units of China Telecom, China Unicom and China Mobile to discontinue broadband internet access services in the United States.

Rosenworcel noted the FCC has taken similar actions against Chinese telecom companies in the past using existing authority.

Reinstating the net neutrality rules has been a priority for President Joe Biden, who signed a July 2021 executive order encouraging the FCC to reinstate net neutrality rules adopted under Democratic President Barack Obama.

Democrats were stymied for nearly three years because they did not take majority control of the five-member FCC until October.

Under Trump, the FCC had argued the net neutrality rules were unnecessary, blocked innovation and resulted in a decline in network investment by internet service providers, a contention disputed by Democrats.

The U.S. Chamber of Commerce criticized the FCC action saying it was "imposing a flawed, pre-television era regulatory structure on broadband" and "will only deter the investments and innovation necessary to connect all Americans."

Public interest group Free Press said the vote is a "major victory for the public interest" saying it "empowers the FCC to hold companies like AT&T ( T ), Comcast ( CMCSA ), Spectrum and Verizon accountable for a wide range of harms to internet users across the United States."

A group of Republican lawmakers, including House Energy and Commerce Committee Chair Cathy McMorris Rodgers and Senator Ted Cruz, called the plan "an illegal power grab that would expose the broadband industry to an oppressive regulatory regime" giving the agency and states power to impose rate regulation,

unbundle obligations and tax broadband internet providers.

Democrats on the FCC say they will not set rate regulations.

The Computer & Communications Industry Association, whose members include Amazon.com ( AMZN ), Apple ( AAPL ), Alphabet and Meta Platforms ( META ), back net neutrality, arguing the rules "must be reinstated to preserve open access to the internet".

USTelecom, whose members include AT&T ( T ), Verizon and others, called reinstating net neutrality "entirely counterproductive, unnecessary, and an anti-consumer regulatory distraction".

Despite the 2017 decision to withdraw the requirement at the federal level, a dozen states now have net neutrality laws or regulations in place. Industry groups abandoned legal challenges to those state requirements in May 2022.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved