Mr. Chairman, I have an amendment at the desk. Mr. Chairman, who among us is not for competition and innovation? This amendment speaks directly to that issue. And I want to read you the amendment: This act shall not take effect until the…
Mr. Chairman, I have an amendment at the desk.
Mr. Chairman, who among us is not for competition and innovation? This amendment speaks directly to that issue. And I want to read you the amendment:
This act shall not take effect until the Federal
Communications Commission submits to Congress a report on the
impact of this act on the mandate of the commission to
promote competition and innovation.
Again, who isn't for competition and innovation? Among the important mandates of the FCC are the following: promoting competition, innovation, and investment in broadband services and facilities; supporting the Nation's economy by ensuring an appropriate competitive framework for the unfolding of the communications revolution; encouraging the highest and best use of spectrum domestically and internationally; revising media regulations so that new technologies flourish alongside diversity and localism; providing leadership; and strengthening the defense of the Nation's communications infrastructure.
The provisions of this bill could potentially disable the agency and stymie the commission's ability to fulfill its most basic mission: to promote innovation while protecting the public interest. The U.S. has led the world in developing policies to unleash spectrum for mobile investment and innovation. The FCC was the first agency to develop spectrum auctions and also the first to free up so-called junk bands for unlicensed use, such as Bluetooth, cordless phones, and Wi-Fi, all things we take for granted today.
The economic benefit created by unlicensed spectrum alone is estimated at $37 billion a year. In 2011, the U.S. tech sector grew three times faster than the overall economy. This is success, and we should do nothing to stymie that success.
The U.S. has regained global leadership in mobile innovation. We are ahead of the world in deploying 4G mobile broadband, and those next- generation networks are projected to add more than $150 billion in GDP growth over the next 4 years. Internet startups attracted $7 billion in venture capital last year, almost double the 2009 level. The apps economy alone has generated more than 500,000 jobs, and many of those are right smack-dab in my district. You know them: Google, YouTube, and Facebook.
Rest assured, the innovation is continuing. For example, JellyRadio is a small technology company with about 15 employees, and it's located right across the street from my district office. It's already received $2 million in angel and venture capital. It allows crowdsourcing of radio playlists. You vote for what you want to hear, and the band or subject with the most votes gets played. They just received a local business award for small technology company of the year.
Another is Storm8, the creator of the number one role-playing games on iPhone, iPad, iPod touch, and Android devices and parent company of the number one mobile social game developer, TeamLava. Started in 2009, Storm8 quickly shot to the top of the mobile gaming industry, celebrating its first million-dollar day in June of last year.
These are examples of what we must protect in our FCC operation. We must ensure that innovators like these have the opportunity to grow and thrive. The FCC has a critical role to play in moving us forward technologically and with the jobs that it brings. Broadband has unlocked new opportunities to transform health care, education, energy, and public safety.
Cloud computing is the next wave, a $68 billion global industry that is growing 17 percent annually. In fact, my son is now working for one of those companies. That's why we need to make sure that the FCC has the ability to make sure there continues to be innovation and competitiveness. The FCC Process Reform Act undermines standard administrative law practices, undoing over 60 years of Federal court precedent under the Administrative Procedures Act, creating uncertainty and
confusion for the FCC and innovative businesses that interact with the agency. It also severely undermines the FCC's ability to develop sensible conditions to protect consumers and ensure competition.
I am a strong component of congressional oversight over agencies within our jurisdiction. That's part of our job. But we have to make sure that the FCC has the tools to do its job as well. So before we risk millions of jobs affected by the important work of the FCC, let's be sure we know how this bill will affect our innovative economy. I urge support of this amendment, and I yield back the balance of my time.