Saturday, May 1, 2010

Federal Trade Commission-Internet-#1665 - Why does the Wall Street Regulation Overhaul Give FTC Authority Over the Internet? - Hot Air

Democrats have pushed hard to get the financial-regulation reform bill unstuck in the Senate, mainly playing on class-warfare themes in painting the GOP as the party of eeeeeeevil Wall Street robber barons. However, the House version of the bill contains provisions that would put the Federal Trade Commission in position to start issuing rules on Internet transactions that would not only slow down business growth but also have no relevance at all to the financial collapse that prompted the bill: The Federal Trade Commission could become a more powerful watchdog for Internet users under a little-known provision in financial overhaul legislation that would expand the agency’s ability to create rules.  Read more.....  This is important to read, now that the court has limited the authority of the FCC with regard to the Internet, this could be the next approach of controlling our freedoms we now have with our Internet service.

No comments:

Post a Comment