In his speech, Pai decried the interference by the White House in the operations of an independent agency and that before the February 2015 Title II decision the internet was regulated under a set of rules developed in the Clinton Administration and approved by a Republication Congress that called for a light touch in terms of regulation.
“The Internet is the greatest free-market success story in history,” Pai said. “And this is in large part due to a landmark decision made by President Clinton and a Republican Congress in the Telecommunications Act of 1996.
In that legislation, Pai said, they decided on a bipartisan basis that it was the policy of the United States " ‘to preserve the vibrant and competitive free market that presently exists for the Internet . . . unfettered by Federal or State regulation.’ ”
Pai said that the light regulatory touch was what resulted in the massive growth of the internet that supported the birth of many new companies not the least of which were Google, Facebook and Netflix. “Under this framework, the private sector invested about $1.5 trillion to build the networks that gave people high-speed access to the Internet. And under this framework, consumers benefited from unparalleled innovation,” Pai said.
Pai then asserted that once the internet was moved under Title II investment dropped, ISPs, especially smaller ones, had trouble getting the financing to expand and as a result, Americans were getting slower, more expensive broadband than the rest of the world.