Christopher Shays: “I rise in support of S. 376, the Communications Satellite Competition and Privatization Act, and commend House Commerce…”

“I rise in support of S. 376, the Communications Satellite Competition and Privatization Act, and commend House Commerce Chairman Tom Bliley and Congressman Edward Markey for their work in crafting this important legislation. This bill is yet another feather in their cap--another important step in Congress's ongoing efforts to deregulate the telecommunications industry. S. 376 will enhance competition and open foreign markets for U.S. companies by promoting the privatization of the intergovernmental satellite organizations--called Intelsat and Inmarsat--that dominate international commercial satellite communications. These organizations operate as a cartel-like structure comprised of the national telephone monopolies and dominant companies of its member organizations. The provisions contained in S. 376--which will update policies dating back to 1062--are long overdue. I don't think anyone in this Congress needs to be told the extent to which communications technology has changed in the past 40 years. Back in 1962, it was widely believed that only governments could finance and manage a global satellite system. Today, however, two companies in my own district--GE Americom and PanAmSat--are among the private companies that offer high-quality international services.”