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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: MikeM54321 who wrote (11187)5/3/2001 1:29:54 AM
From: elmatador  Read Replies (1) of 12823
 
Legislators ponder Telecom Act overhaul
By Patrick Ross
Staff Writer, CNET News.com
May 2, 2001, 3:05 p.m. PT
WASHINGTON--The Senate joined the House on Wednesday in questioning whether there is sufficient competition in telecommunications.

For the first time in five years, leaders in both houses are seriously considering broad changes to the 1996 Telecom Act, designed to spur competition in the local phone and other telecommunications markets. The House Commerce Telecommunications Subcommittee last week passed a bill to allow Bell companies to send data long distances, and at a hearing Wednesday the Senate Judiciary Antitrust Subcommittee considered additional changes to spur competition.

But top subcommittee Democrat Herb Kohl of Wisconsin cautioned his colleagues on the Hill's power in this arena.

"Congress can't mandate competition," Kohl said. "If competition doesn't make business sense, laws like the Telecom Act won't really work."

news.cnet.com

It will keep the lawyers busy.
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