• Over 50 U.S. groups pleaded with President Joe Biden to fill the vacant seat on the U.S. Federal Communications Commission (FCC) and a permanent chair for the U.S. telecom regulator to reinstate the net neutrality rules repealed under the previous government, Reuters reported.

• The group included the American Civil Liberties Union, American Libraries Association, Electronic Frontier Foundation, Writers Guild of America West.

• The group also sought other key FCC issues, including revisiting the low-income subsidy program, new broadband infrastructure rules, and reviewing media ownership rules.

• Biden selected Jessica Rosenworcel as the acting FCC chair in January. Lawmakers and others pleaded with Biden to appoint either Rosenworcel or several other candidates.

• Under Democrat President Barack Obama, the FCC adopted the net neutrality rules in 2015 that prevented the internet service providers (ISPs) from blocking, stifling traffic, or offering paid fast lanes.

• Verizon Communications Inc (NYSE: V.Z.), AT&T Inc (NYSE: T), Comcast Corp (NASDAQ: CMCSA) are some of the significant U.S. ISPs.

• However, Republican President Donald Trump government suspended the rules in 2017.

• Net neutrality supporters endorsed the protections for a free and open internet. Broadband and telecom trade groups considered the rules as outdated and investment deterrents.

• In February, a California judge permitted the U.S. to implement the rules after the Justice Department withdrew its legal challenge.

See more from Benzinga

• Click here for options trades from Benzinga

• Samsung Forays In Europe 5G With Vodafone Partnership: Reuters

• Verizon Launches Commercial Private 5G In US: Reuters

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.