A new paper was recently released by Georgetown University’s Center for Business and Public Policy citing that increased regulation will lead to a decrease in investment in our nation’s broadband infrastructure. The manufacturing industry is embedding technology in their products and across their shop floors to deliver sophisticated products and compete in the global marketplace. A decrease in the investment in the technology backbone helping to drive that innovation is something we cannot afford.
NAM and our member companies have been warning regulators of the risks of applying a 1930’s era laws to our 21st century telecommunications network. Unfortunately, the efforts to regulate the open internet become official last month. Manufacturers of all sizes are now having to navigate an uncertain future for innovation as these new rules are now being challenged in the courts and therefore essentially putting investment decisions on hold.
We are committed to working with lawmakers in Congress on a bipartisan legislative solution that creates the right balance of regulation and innovation – and most importantly provides clarity and certainty. Until that happens, our industry will continue to have to deal with the challenges outlined in this recent paper and the regulatory bottleneck that innovation now has to force its way through.