Stock Market News

U.S. Senate Democrats plan bill aiming to restore ‘net neutrality’

2022.07.18 19:53

2/2
U.S. Senate Democrats plan bill aiming to restore 'net neutrality'
FILE PHOTO: Sen. Edward Markey (D-Mass.) speaks during a confirmation hearing of former U.S. Ambassador to the United Nations Samantha Power, who is President Joe Biden’s choice to lead the U.S. Agency for International Development, before the Senate Fore

2/2

WASHINGTON (Reuters) – Two U.S. Senate Democrats active in internet issues are working on a bill to restore landmark “net neutrality” rules that would bar telecommunications companies from blocking or throttling traffic or offering paid fast lanes.

Senators Edward Markey and Ron Wyden plan to introduce a bill this summer that would put broadband under the umbrella of a telecommunications service, which means that providers would be subject to stricter Federal Communications Commision (FCC) oversight, a source briefed on the matter told Reuters. Representative Doris Matsui is working on a companion House version.

Markey’s office in a statement said “it is more clear than ever that broadband internet is an essential utility” and the FCC’s “authority should reflect that, so it can fulfill its obligations to the public by reinstating net neutrality rules.”

The Washington Post was first to report the potential bill.

Telecommunications companies, who are also major internet providers, have been battling net neutrality efforts for more than a decade, while major technology firms like Alphabet (NASDAQ:GOOGL)’s Inc Google and Meta’s Facebook (NASDAQ:META) strongly back net neutrality protections.

The FCC under former President Barack Obama adopted net neutrality rules in 2015. They were overturned in 2017 by the FCC under former President Donald Trump. California’s legislature responded by adopting a state law requiring net neutrality in August 2018, which was on hold pending lawsuits.

The U.S. broadband industry ended its legal challenge to California’s net neutrality law in May, with a group of industry associations that represents major internet providers such as AT&T Inc (NYSE:T), Verizon Communications (NYSE:VZ) and Comcast Corp (NASDAQ:CMCSA) dismissing their 2018 legal challenge.

The FCC remains divided 2-2 because Joe Biden’s nominee for the final commission seat, Gigi Sohn, has not been approved and faces an uncertain path to confirmation.

Supporters of net neutrality rules argue that the protections ensure a free and open internet. Broadband groups contend that the rules’ legal basis from the pre-internet era is outdated and discourages investment.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 76,109.39 1.14%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,920.97 7.74%
tether
Tether (USDT) $ 1.00 0.08%
solana
Solana (SOL) $ 199.52 6.78%
bnb
BNB (BNB) $ 602.38 1.13%
usd-coin
USDC (USDC) $ 0.998954 0.12%
xrp
XRP (XRP) $ 0.556798 3.18%
dogecoin
Dogecoin (DOGE) $ 0.195227 0.34%
staked-ether
Lido Staked Ether (STETH) $ 2,918.97 7.65%
cardano
Cardano (ADA) $ 0.413594 14.06%
tron
TRON (TRX) $ 0.16031 1.06%
the-open-network
Toncoin (TON) $ 4.96 3.73%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,458.06 7.65%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.94%
avalanche-2
Avalanche (AVAX) $ 27.83 2.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,148.40 1.28%
weth
WETH (WETH) $ 2,923.40 7.79%
chainlink
Chainlink (LINK) $ 12.77 5.50%
bitcoin-cash
Bitcoin Cash (BCH) $ 381.11 0.72%
sui
Sui (SUI) $ 2.34 2.66%
polkadot
Polkadot (DOT) $ 4.19 2.01%
leo-token
LEO Token (LEO) $ 6.25 0.34%
usds
USDS (USDS) $ 0.999169 0.37%
litecoin
Litecoin (LTC) $ 72.30 2.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,074.06 7.71%
uniswap
Uniswap (UNI) $ 8.91 4.71%
near
NEAR Protocol (NEAR) $ 4.30 2.66%
aptos
Aptos (APT) $ 9.90 4.00%
pepe
Pepe (PEPE) $ 0.000011 12.45%
bittensor
Bittensor (TAO) $ 514.18 2.71%
internet-computer
Internet Computer (ICP) $ 7.87 0.28%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 1.39%
dai
Dai (DAI) $ 0.999011 0.14%
stellar
Stellar (XLM) $ 0.102811 6.27%
ethereum-classic
Ethereum Classic (ETC) $ 20.28 3.63%
monero
Monero (XMR) $ 164.04 1.65%
kaspa
Kaspa (KAS) $ 0.115421 3.45%
ethena-usde
Ethena USDe (USDE) $ 0.99975 0.22%
whitebit
WhiteBIT Coin (WBT) $ 19.66 1.97%
aave
Aave (AAVE) $ 181.78 3.00%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.348588 4.82%
blockstack
Stacks (STX) $ 1.70 0.29%
crypto-com-chain
Cronos (CRO) $ 0.093342 9.37%
dogwifcoin
dogwifhat (WIF) $ 2.48 2.93%
okb
OKB (OKB) $ 40.50 2.97%
first-digital-usd
First Digital USD (FDUSD) $ 0.994308 0.63%
arbitrum
Arbitrum (ARB) $ 0.585546 6.94%
filecoin
Filecoin (FIL) $ 3.79 2.58%
mantle
Mantle (MNT) $ 0.66235 10.63%