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What did the Telecommunications Act of 1996 accomplish?

Question:

What did the Telecommunications Act of 1996 accomplish?

Federal Communications Commission (FCC):

The Federal Communications Commission is a government agency created in 1934 to regulate interstate communications. It is responsible for overseeing radio, television, cable, satellite, telephone, and internet services.

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The stated purpose of the Telecommunications Act of 1996 was to reform the broadcast and telecommunications markets by lowering barriers to entry and...

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