July 1, 1997
FCC CHAIRMAN REED HUNDT
PRAISES NEW ELECTRONIC COMMERCE REPORT
The Framework for Global Electronic Commerce released today by President Clinton
and Vice President Gore outlines comprehensively how government can facilitate private
sector development of a global electronic marketplace for on-line services, software, video,
and a whole host of other goods and services.
As the report makes clear, the private sector will lead the effort to develop electronic
commerce. Governments can help by promoting open and competitive communications
markets at home and abroad. Economic growth generated by buying, selling, or advertising
goods and services on-line depends on affordable access and bandwidth. Competition is the
best way to ensure both.
The Commission will continue to work with the Administration and Congress to
achieve the goals laid out in today's report and to make the Vice President's vision of a
Global Information Infrastructure providing affordable, high-speed telecommunications links
to every town and village around the globe a reality.
- FCC -