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America is on the cusp of a 5G future in which consumers have access to vital services at incredible speeds. Such capabilities would open up countless opportunities in communication, ecommerce and emergency services to the public.

Although telecom companies are making progress, FCC Chairman Ajit Pai noted significant challenges when he spoke at the Mobile World Congress.

“It’s not a forgone conclusion that we will fully realize this technological potential.” Pai said, addressing telecom leaders from around the world. He explained that pursuing nationwide 5G capabilities requires massive capital expenditures. While the telecom sector has been a top investment source in the U.S. economy for decades, recent FCC meddling impeded that contribution.

“After the FCC embraced utility-style regulation, the United States experienced the first-ever decline in broadband investment outside of a recession.” Pai said. The good news is that the FCC is back on the right track.

Pai told the Mobile World Congress that he would embrace a light-touch regulatory approach to bring back robust investment. He plans to remove cumbersome regulations, like those included in Title II, in order to minimize uncertainty which he called “the enemy of growth.”

When the FCC regulates with patience and humility, it encourages companies to invest in their nation. The U.S. knows from experience that this approach promotes desperately needed growth and works to benefit consumers with faster, cheaper network access.

If we want to stay ahead, the U.S. must remain an international leader that encourages investment. “Never before in history has there been such opportunity for entrepreneurs with drive and determination to transcend their individual circumstances and transform their world.” Pai said. The moment for action is at hand.

Now, the U.S. has clear opportunities to remove Obama-era roadblocks to investment and provide opportunities for the Americans who need them most. The way policies are handled will frame the digital future for decades to come.

 

 

 

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