A federal appeals court has struck down the Federal Communications Commission’s effort to reimpose net neutrality rules, marking a decisive setback for the agency's oversight ambitions. The Sixth Circuit Court of Appeals ruled the FCC lacked authority to regulate wireless and home-broadband services under rules previously used for telephone networks. The decision follows the Supreme Court's rejection of the Chevron deference, limiting agency powers to interpret ambiguous federal laws.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Federal appeals court has struck down the Federal Communications Commission's effort
00:05to reimpose net neutrality rules, marking a decisive setback for the agency's oversight
00:10ambitions. The Sixth Circuit Court of Appeals ruled the FCC lacked authority to regulate
00:16wireless and home broadband services under rules previously used for telephone networks.
00:21The decision follows the Supreme Court's rejection of the Chevron deference,
00:24limiting agency powers to interpret ambiguous federal laws.
00:28For all things money, visit Benzinga.com slash GSTV.