The Federal Communications Commission (FCC) is one of the most important regulatory agencies in the U.S. government, and perhaps in the world. With statutory authority over the nation’s communications apparatus, systems and devices, the FCC holds the power to approve or deny mergers; assess liability; levy fines and penalties; bring suit; award licenses and contracts; allocate spectrum; conduct hearings and inquiries; promulgate and interpret rules; establish standards and codes; and exercise a wide range of regulatory actions affecting television, radio, telephone, wireless, mobile, Internet, cable, satellite and international telecom services in the multibillion dollar communications and information technology sector.

Despite all of its power, the FCC is broken. Read the Full Article