Senate AB 1366 would have extended a harmful deregulation bill pushed through by telecommunications companies in 2012 that has tied the hands of state regulators ever since.
Vulture hedge funds like Elliott Management seek to boost a company’s share price by cutting costs, and then take profits before the long-term consequences set in.
“This massive ‘sunny day’ outage was completely unacceptable and impacted millions of customers across the country. Americans expect and deserve reliable phone and broadband service—especially the ability to call 911,” said FCC Chairman Pai.
