Texas Senate Passes Bill Deregulating Telecoms

Law360, New York (April 26, 2011, 9:16 PM EDT) -- The Texas Senate on Thursday passed legislation to further deregulate telecommunication markets in the state, in its efforts to address new technologies used to provide voice service.

The legislation, SB 986, would prevent the state's Public Utility Commission from regulating markets that were deregulated before September 2011 and would allow traditional telephone service providers to petition the commission to deregulate other areas.

The bill, which passed by voice vote, is part of a legislative package by state Sen. John Carona, R-Dallas, that updates statutes for the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.