Featuring the author Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia Business School; with comments by Andrew Olmem, Partner, Venable LLP; moderated by Mark Calabria, Director, Financial Regulation Studies, Cato Institute.
Featuring Bill Barr, Executive Vice President and General Counsel, Verizon; and Adam Thierer, Director of Telecommunications Studies, Cato Institute.
The telecom industry is in regulatory turmoil. On March 2 the D.C. Circuit Court issued its third and most stinging rebuke of the FCC’s rules governing telephone network regulation. The Supreme Court has reviewed these rules twice and could revisit them again if the D.C. Circuit decision is appealed. This regulatory uncertainty is frequently blamed for the recent meltdown and slow recovery in the telecom market. When Congress passed the historic Telecommunications Act of 1996, few people imagined the protracted litigation battles that followed. How did we get here, and where should we go from here? Please join us for an examination of the recent ruling and what it means for the telecom industry and a broader discussion about what went wrong and what Congress should do about it.