CBO Says Telecom Bill (S.1822) will Increase Spending and Bureaucracy
Adam D. Thierer Policy Analyst The Communications Act of 1994 (S. 1822) may be considered by the Senate before the close of the 103rd Congress. According to its sponsors, the bill would effectively deregulate the industry and ensure a competitive marketplace. I But an analysis of the bill prepared by the Congressional Budget Office (CBO), released last week, warns that the bill will impose costly surcharges on the telecom- munications indust9r, increase federal spending and staffing, and impose new mandates on state and local governments.
Source: heritage.org