The communications industry has been a leader in the U.S. economy, innovating faster, creating more jobs and greater market value, and investing more capital back into the U.S. than almost any other sector. For this to continue, it is vital that the federal government reexamine its approach to regulating this industry. Policymakers must acknowledge the profound shift in the structure of the market and update our nation’s communications policy framework for 21st Century technology and marketplace realities.