PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

FCC Chairman’s Call to Regulate the Internet Undermines Small Business

By at 4 February, 2015, 4:04 pm

“…a sad day for American innovation and entrepreneurship”

Washington, D.C. – Today, Karen Kerrigan, President and CEO of the Small Business & Entrepreneurship Council (SBE Council), issued the following statement in reaction to Federal Communication (FCC) Chairman Tom Wheeler’s call and forthcoming actions to regulate broadband networks:

“With his proposal to regulate wired and wireless broadband services as public utilities under Title II of the Telecommunications Act, Chairman Wheeler has grossly overreached in terms of the FCC’s power, and is threatening to undermine Internet investment and innovation. Under a light regulatory touch, broadband innovation, investment, and competition have flourished. The benefits for small businesses and entrepreneurs have multiplied at a previously unimaginable rate while prices have declined. Opportunities for content providers, many of which are entrepreneurs and small businesses, have expanded dramatically. Chairman Wheeler apparently fails to understand that network providers have every incentive to serve both consumers and content providers well. In fact, SBE Council agrees with Chairman Wheeler’s statement that ‘The Internet must be fast, fair and open.’ Unfortunately, Chairman Wheeler’s intrusive regulatory move would undermine a fast, fair and open Internet by imposing controls and limitations that serve politics, not consumers, content providers or small businesses. It’s a sad day for American innovation and entrepreneurship.”

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For more information, please visit www.sbecouncil.org. Follow SBE Council on Twitter: @SBECouncil.

Contact:  Karen Kerrigan, kkerrigan@sbecouncil.org 

Raymond J. Keating, rkeating@sbecouncil.org     631-909-1122  

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