Washington – Following today’s Federal Communications Commission (FCC) decision to regulate the Internet under Title II of the 1934 Communications Act, Business Roundtable President John Engler released the following statement:
“America’s business leaders are frustrated and alarmed by the FCC’s decision to impose Depression-era regulations on the Internet, a foundation of innovation and prosperity in the 21st century.
“Business Roundtable believes in smart regulation that meets important policy goals – in this case, maintaining an open Internet as a platform for creativity and innovation – while minimizing harmful unintended consequences. Today’s FCC’s decision does not meet this standard.
“We urge Congress to enact legislation that would update the Communications Act to reflect the modern, 21st Century environment in which the Internet actually operates.”
Smart regulation is a key pillar of the pro-growth policy agenda Business Roundtable recently released, Achieving America’s Full Potential: More Work, Greater Investment, Unlimited Opportunity.
Learn more about the Business Roundtable positions on smart regulation here.