Tom Wheeler

So hopefully, maybe IEI is part of the breakthrough that will change things.

Yes, and the frightening thing to me, and I use the word frightening not casually.

If I were an American company, I would be truly frightened by the fact that the rules are being made in the rest of the world right now, that the European Union, the UK, China are all making the rules.

All the kinds of things that you and I have discussed thus far

while the united states government has been taking a hands-off approach the european union and the uk have been stepping in and saying we're going to do something about it and so the digital services act will deal with the uk i'm sorry the eu just passed we'll deal with content issues the digital markets act

We'll deal with marketplace behavior issues.

We're about to see passage of the Data Act by the EU.

We're about to see passage of the AI Act by the EU.

And now that the UK is out of the EU, they're doing similar things.

And in an interconnected world, which is what the internet has delivered, what happens in the EU or the UK

has a very real impact on what happens in the United States.

This is not a situation where we go clone what worked before.

You know, when I was running the Federal Communications Commission,

One of the biggest challenges was that the statute which created the agency and created the rules under which the agency operated was written in 1934 when television didn't even exist.

And it was updated in 1996 when the internet was AOL.

And so one of the big challenges that I faced and that all regulators face is how do I take a set of rigid rules

statutory and structural realities that were made rigid back in a time that was vastly different from today and relate them to today and so we need to to to to say again like i was saying before never before seen challenges never foreseen solutions we need to be as innovative

as the companies themselves in how we come up with solutions to the challenges that are created.