Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Rosenworcel to step down as US Federal Communications Commission chair on Jan. 20

by
November 21, 2024
in Stock
0
Rosenworcel to step down as US Federal Communications Commission chair on Jan. 20

By David Shepardson

(Reuters) – Federal Communications Commission Chair Jessica Rosenworcel said on Wednesday she will step down from the agency that oversees U.S. telecommunications companies on Jan. 20 when Donald Trump assumes the presidency.

Rosenworcel, who joined the FCC (BME:FCC) in 2012 and is the first female permanent chair, oversaw a dramatic expansion of commission work on space policy including the establishment of a Space Bureau.

She was also behind efforts to help more students get internet access, oversaw a government subsidy program to help 23 million households get broadband access and led an agency crackdown on the proliferation of Chinese telecoms equipment and other national security issues.

Rosenworcel said the job had been the honor of a lifetime, guiding “the FCC during a time when communications technology is a part of every aspect of civic and commercial life.”

She led efforts to restore landmark net neutrality rules that were reversed by the FCC under then President Donald Trump and have since been put on hold by a court.

Net neutrality rules require internet service providers to treat internet data and users equally rather than restricting access, slowing speeds or blocking content for certain users. A federal appeals court in August blocked the FCC from enforcing the rules while an industry legal challenge plays out.

Rosenworcel is following long-standing commission precedent by stepping down when a new president takes office, which will leave the commission divided 2-2 between Democratic and Republican appointees.

This week, Trump named FCC Commissioner Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as new chair effective Jan. 20. Trump will need to nominate a replacement for Rosenworcel and win Senate confirmation before Republicans can take full control of the agency.

Rosenworcel was hampered by the fact that the U.S. Senate did not confirm a third Democratic FCC commissioner until September 2023, which prevented the commission from moving ahead on many fronts.

She clashed with SpaceX CEO Elon Musk when the FCC in 2022 rescinded $885.5 million in rural broadband subsidies for SpaceX’s internet satellite constellation Starlink. In September, Rosenworcel said the United States needs more competition for space-based internet.

This post appeared first on investing.com
Previous Post

US arrests homeless man in New York Stock Exchange bomb plot

Next Post

Coinbase falls from 3-year high as CEO Armstrong offloads nearly $300 mln shares

Next Post
Coinbase falls from 3-year high as CEO Armstrong offloads nearly $300 mln shares

Coinbase falls from 3-year high as CEO Armstrong offloads nearly $300 mln shares

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    January 23, 2025
    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    January 23, 2025
    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    January 23, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators
    • ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved