CenturyLink Supports No Rate Regulation Bill
The U.S. House of Representatives today passed the No Rate Regulation of Broadband Internet Access Act, H.R.2666.
"CenturyLink applauds the House of Representatives, and Congressman Adam Kinzinger in particular, for passing legislation that prohibits the FCC from imposing rate regulation on Internet access," said CenturyLink, Inc. (NYSE: CTL) Vice President of Federal Government Affairs David Bartlett. "We’re surprised that there’s any opposition to this bill given that the administration has stated on multiple occasions that it is not interested in regulating broadband prices. Rate regulation is counter to innovation and market evolution and would harm broadband infrastructure investment, especially in rural markets."