Tom Wheeler: “I believe the only acceptable solution for a nation with this kind of track record is the full abandonment of its…”

Let me be clear. The FCC will not impose utility-style regulation.

It is hard to understate the seriousness of something like this for two reasons. One, as has been pointed out, this is the people's money.

Congresswoman, the reality is that for decades, we have been regulating the use of network information in the telephone network saying a phone company cannot make it available to a third party without the consumers' permission.

If we want to use it wisely, we ought to spend it as wisely as the companies are spending their money, which is to build fiber.