Jack Fields: “Did you ever envision that this law would be used to destroy the economic value of millions of items legally acquired by…”

we had the opportunity, first, to work on that piece of legislation. Second, the dynamics in this House and the Senate have changed. If you look at the requirements for explicit pleadings of scienter in our particular statute, I do not see…

I think this is an honest-to-goodness, legitimate attempt to clarify, and I also think it is an honest-to-goodness attempt to work with the other side of the aisle. Again I want to compliment the gentleman from California for doing that…

this is a reregulatory dinosaur. Basic cable rates continue to be regulated under this bill. We deregulate expanded basic in 15 months, when telephone will be competing with cable. But very importantly, in terms of competition with…

the most difficult issue in this bill has been how the local loop is opened to competition. No question, that is where the focus of the controversy has been. It is a delicate question. Mr. Chairman, what we have attempted to do is to open…