The National Black Chamber of Commerce Concerned HR 5353 'Internet Freedom Preservation Act' Limits Minority Businesses

Congress should promote investment in broadband networks rather than regulation

WASHINGTON, May 6 /PRNewswire-USNewswire/ -- The National Black Chamber of Commerce expressed their concern over broadband regulations known as "network neutrality" that the House Telecommunications Subcommittee discussed at today's hearing on H.R. 5353, the "Internet Freedom Preservation Act."

"Network neutrality regulations will deter broadband providers from investing the billions of dollars in network infrastructure that are necessary to build next generation high-speed broadband networks," National Black Chamber of Commerce President & CEO Harry Alford said. "These are the high-speed networks that our members' businesses will need to remain competitive internationally."

"African-Americans have been amongst the fastest adopters of high-speed access in the last two years. Net neutrality regulations could stop the Internet's thriving entrepreneurial spirit and drive broadband prices up at a time when minority-owned small businesses and consumers need to see prices drop," Alford continued.

The National Black Chamber of Commerce believes that the House Energy & Commerce Committee should work to ensure that America has a technology policy in place that will support rapid deployment of high-speed networks and deliver ubiquitous access to broadband.

The National Black Chamber of Commerce is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States and via interaction with the Black Diaspora.

www.nationalbcc.org