Mr. Speaker, the capital markets do not much care for indecision. When a company or industry is in regulatory flux, the industry is basically forced to be at a standstill. That is what is happening today with the telecommunications industry. The Federal Communications Commission voted on February 20, 2003 to make changes to the way it regulates telecommunications carriers. Many of the changes were very significant, but the FCC is dragging its feet. These decisions will drive the short and long term future of the telecom industry. The industry, however, is stymied because the FCC, while having voted on the issue, has yet to issue the rules. This is quite unusual as texts of orders are issued usually within weeks or even days of the date that the item is voted on. Here we are, almost 4 months later, and we still have no rules issued. It takes less time for a pig from time of conception to time of birth than it has taken the FCC to give birth to the written words embodying the agreements voted on in February. The FCC needs to stop this nonsensical delay and issue its orders so the industry can get back to the business of building infrastructure and serving the telecommunications users of this Nation.
Editor's note · Context
Addressing delays in the Federal Communications Commission's regulation of the telecommunications industry.
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