The FCC continues attack on the ISP Freemarket
The increasing desire of the Federal Communications Commission to expand its authority through Net Neutrality rules could have catastrophic consequences for both the growth of American Internet Infrastructure and the average consumer. The FCC is considering enacting Net Neutrality policies that would significantly limit Internet Service Providers, ISPs, from being able to dynamically control allotted bandwidth for high traffic websites such as Netflix and Facebook.
The FCC has been under consistent pressure to regulate broadband internet by activists with outlandish ideas that the same companies that provide internet service are also destroying the industry. While the FCC has historically supported a free-market approach of governance for ISPs, recent changes in policy led to the failed attempt to impose Net Neutrality in 2010 and continued failures thereafter. The most recent attempt by the FCC uses provisions from the 1996 Communications Act to justify Net Neutrality, even though congress never intended the wording in the bill for that purpose.
Worst of all the FCC has been entertaining the, “Nuclear option,” of classifying ISPs as a Title II Utility, treating the Internet as a government-owned utility monopoly. If this policy were to be enacted, Internet development would come to a halt, and the effects on consumer internet services would be disastrous.
With this in mind, “We therefore respectfully call on Congress to assert its authority concerning the FCC’s role, and ask the FCC to await further action from Congress.”
Unfortunately, during the FCC's Thursday May 15th meeting, the decision to move forward with Net Neutrality rules passed along party lines by a 3-2 vote. This will create unneeded uncertainty in the market, restrict investment and innovation, and ultimately harm consumers.
Read more: http://www.atr.org/fcc-continues-attack-isp-freemarket#ixzz31p8anGas
Follow us: @taxreformer on Twitter