U.S. Senator John McCain today (October 22) introduced legislation that would prohibit the Federal Communications Commission from enacting rules that would regulate the Internet. The Commission will meet today to determine whether the historically open architecture and free flow of the Internet should be subject to onerous federal regulation. Specifically, the Commission will seek to impose “net neutrality” rules that would reign in the network management practices of all Internet service providers, including wireless phone companies.
This government takeover of the Internet will stifle innovation, in turn slowing our economic turnaround and further depressing an already anemic job market. Outside of health care, the technology industry is the nation’s fastest growing job market. Innovation and job growth in this sector of our economy is the key to America’s future prosperity. In 2008, while most industries were slashing jobs in the worst economy in nearly 30 years, high tech industries actually added over 77,000 good high-paying jobs. Just this month, Google and Yahoo both released positive earnings reports.
The wireless industry exploded over the past twenty years due to limited government regulation. Wireless carriers invested $100 billion in infrastructure and development over the past three years which has led to faster networks, more competitors in the marketplace and lower prices compared to any other country. Meanwhile, wired telephones and networks have become a slow dying breed as they are mired in state and Federal regulations, universal service contribution requirements and limitations on use.
“Today I’m pleased to introduce ‘The Internet Freedom Act of 2009’ that will keep the Internet free from government control and regulation,” said Senator John McCain. “It will allow for continued innovation that will in turn create more high-paying jobs for the millions of Americans who are out of work or seeking new employment,” McCain continued. “Keeping businesses free from oppressive regulations is the best stimulus for the current economy.
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