• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Rosenworcel to step down as US Federal Communications Commission chair on Jan. 20

by November 21, 2024
written by November 21, 2024

By David Shepardson

(Reuters) – Federal Communications Commission Chair Jessica Rosenworcel said on Wednesday she will step down from the agency that oversees U.S. telecommunications companies on Jan. 20 when Donald Trump assumes the presidency.

Rosenworcel, who joined the FCC (BME:FCC) in 2012 and is the first female permanent chair, oversaw a dramatic expansion of commission work on space policy including the establishment of a Space Bureau.

She was also behind efforts to help more students get internet access, oversaw a government subsidy program to help 23 million households get broadband access and led an agency crackdown on the proliferation of Chinese telecoms equipment and other national security issues.

Rosenworcel said the job had been the honor of a lifetime, guiding “the FCC during a time when communications technology is a part of every aspect of civic and commercial life.”

She led efforts to restore landmark net neutrality rules that were reversed by the FCC under then President Donald Trump and have since been put on hold by a court.

Net neutrality rules require internet service providers to treat internet data and users equally rather than restricting access, slowing speeds or blocking content for certain users. A federal appeals court in August blocked the FCC from enforcing the rules while an industry legal challenge plays out.

Rosenworcel is following long-standing commission precedent by stepping down when a new president takes office, which will leave the commission divided 2-2 between Democratic and Republican appointees.

This week, Trump named FCC Commissioner Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as new chair effective Jan. 20. Trump will need to nominate a replacement for Rosenworcel and win Senate confirmation before Republicans can take full control of the agency.

Rosenworcel was hampered by the fact that the U.S. Senate did not confirm a third Democratic FCC commissioner until September 2023, which prevented the commission from moving ahead on many fronts.

She clashed with SpaceX CEO Elon Musk when the FCC in 2022 rescinded $885.5 million in rural broadband subsidies for SpaceX’s internet satellite constellation Starlink. In September, Rosenworcel said the United States needs more competition for space-based internet.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US arrests homeless man in New York Stock Exchange bomb plot
next post
Coinbase falls from 3-year high as CEO Armstrong offloads nearly $300 mln shares

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Trump administration alleges Nike discriminated against white workers

      March 13, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      March 13, 2026
    • Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

      March 13, 2026
    • Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

      March 13, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (690)
    • Stock (6,426)

    Latest News

    • Trump administration alleges Nike discriminated against white workers
    • Landmark trial accusing social media companies of addicting children to their platforms begins

    Popular News

    • GE Vernova misses earnings, revenue estimates in Q4; stock down
    • D.E. Shaw plans to return billions following high hedge fund gains

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy