Latta Re-Introduces Telecommunication Bills to Increase Competitiveness and Regulatory Transparency
Congressman Bob Latta (R-OH) has re-introduced two telecommunication bills that promote competitiveness in markets and increase regulatory transparency at the Federal Communications Commission (FCC). The first piece of legislation, H.R. 557, the FCC Analysis of Benefits and Costs (ABCs) Act, requires the FCC to produce cost-benefit analysis for proposed rules and would also require a cost-benefit review when the rule is finalized. The legislation would provide the public with ample time to review proposed regulations and their economic impacts and to provide comment on their effects.
The other bill, H.Res. 53, expresses a sense of the House that in order to continue aggressive growth in the U.S. telecommunications and technology industries, the government should “Get Out of the Way and Stay Out of the Way.”
“The telecommunication sector is a significant driver of economic growth and provider of jobs in Ohio and across the country,” said Latta. “However, government overregulation threatens the competitiveness of this industry, which ultimately harms consumers who are faced with fewer choices and higher prices. The House should make it clear that the government should stay out of the way and let market competition drive innovation. At the same, we need more transparency at the FCC so the public fully understands the impact of the agency’s proposals.”