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FCC's Powell Takes Telecom Policy To Task At Supercomm: Page 2 of 2

That is why, from a philosophical standpoint, the FCC Chairman says he is against an overly active regulatory agency that plays a high profile role in the market. He pointed out that this was as true for the federal government as it is for state and local governments -- many of which are making moves to regulate various aspects of the Internet.

"We [government officials] are not the entrepreneurs, the risk takers, the investors that have made the information age happen. You are," he told the audience. "We just need to make sure there are fair rules and that people abide by them." That said, he asserted that those who do cheat and break the rules should be punished to the full extent of the law, adding that he had no scruples about prosecuting aggressively.