and they have made recommendations mainly to the federal communications commission on how to make that happen. then when nixon administration came along, the staff in the antitrust division, after watching for a couple of years, decided to pursue antitrust rather than sec regulation as the means to introduce the competition. my role that i was on both the telecommunications task force and i was one of the outside economists advising the department of justice when the case was being shaped. >> host: professor houseman? >> guest: i didn't come in until 1982 and thereafter when the antitrust division decided to review, about three years later, there was a report that was done. i was an advisor to the government on the reports. i was involved thereafter in the various changes and modifications. >> host: professor houseman, where he supportive of the decision? >> guest: well, at the time, i would say medium. i it was based on an incorrect theory, in my view. i have written academic papers. the cost consumers somewhere between 50 and $100 billion in payments that they should not have had to

as the public of the federal communications commission goes, that way we know what plan is in place. ..

but on the other hand, i've always thought that the federal communications commission probably wouldn't have gotten it done and done as well as it's turned out. so in that respect, yes, looking back i think things have worked out well, although the path this was a bit rocky. >> host: and, professor noll, were you a supporter at the time, and what do you think 30 years later? >> guest: well, i definitely was a supporter of the anti-trust case. i agree with jerry that some of the details that judge green imposed on the agreement, on the seat settlement were, had no real basis in either technology or economics, but on the other hand, i guess my standard isn't as high in the sense that when either a judge or a regulatory commission makes a generally pro-competitive decision, that's good news. because that's better than what they normally do. and so i believe that divestiture was an important event, one of many that have caused the american telecommunications system really to be the envy of the world. its performance is the best in the world and the reason it's most competitive. >> host: pau

michael powell, head of the federal communications commission under president george w. bush, is now president of the national cable television association. >> many of these state-owned local utilities have often failed because of financial hardship and rarely are offering speeds that are faster or cheaper than what's provided privately. even in glasgow, kentucky the top speed is only 6 megabits per second for $36. that's hardly exceptional. it's certainly no better than what's being provided in the private market. >> reporter: where average speeds are three times as fast, claims powell and prices are falling, not rising. >> the price per megabit per second has decreased 87% since 1999. in fact in 2010, the federal communications commission conducted a survey of american citizens and 93% of respondents said they were very satisfied with their broadband experience. many cable companies have recently announced very substantial increases in speed with no accompanying increase in price. so the evidence suggests that consumers are getting real value in broadband in the united

and we, as the public through the federal communications commission and the state agencies, will know what the plan is in place. the next thing that's equally important is we've got to have a common language of how we're talking about this. when we talk about things like network reliability and how long are things up, different networks mean different things when they say it. so it's not like at&t is lying when they say, oh, we think our network held unfairly well and reliably, and

amendment that right is supported this is a huge problem i went to the commissioner of the federal communications commission here in america deborah taylor tate back in two thousand and seven when asked in light of what the european health care ministers that said what did she think needs to be done and her response was a direct quote i expect the food industry to police itself well that's what they've been doing now for the past thirty years and look where it's gotten its trace speech doesn't work with addictive substances it didn't work with tobacco doesn't work with heroin cocaine morpheme getting cannabis out all the fact is that free speech is a problem when you're talking about addictive substances question is is sugar and addictive substance the data mostly in animals but some in humans. he says yes inner agency government committee the inner agency were croup got together and developed voluntary standards are voluntary guidelines for companies to abide by or to opt to abide by to address marketing and the food company is. basically weighed in very negatively and forced those interagency guidelines t

election is mignon cyburn, who after chairman genachowski it was the senior democrat on the federal communications commission. commissioner mignon cyburn, we could start with you. what has your assessment then, reports are up 25% of cell phone towers have been knocked out and people are now using payphones because the service is not working. what is your assessment of the carriers and their ability to maintain phone service for people in the affected areas of sandy. >> guest: thank you to the both both of you for allowing me to be there for you today. my condolences go out to the families. there are many loved ones lost in this tragic event. my condolences go out to them, and of course, my hats off to those brave people who continue to answer the call. in terms of the engagement, as you know, the german literally spent the night at the agency. our public safety% of the same. we are definitely engaged in the process that we have been working firsthand went as far as the month goes to make an assessment in terms of those initial numbers. up to 25% of those were disabled during this process. what the fcc does i

. >> one policy initiative at the federal communications commission that has affected your company and other qups is reform. and a year ago this month the f.c.c. put forth a plan to convert a $4.5 billion subsidy naundhah focused on helping companies pay for the cost of providing rural telephone service and they've converted this fund into a broad band subsidy fund. so has the f.c.c. achieved its goals? >> there were two parts of that. huge changes in terms of carrier composition the way in which we pay one another and there needed to be a great deal of clarification tharned issue. and then the second part of that and we've made a lot of progress. we've made a lot of progress. in terms of funding we got it right. in terms of the focus to change away from voice, consumers place much less in voice and more in the broad band so i think the f.c.c. and cable companies we have that right. we need to get more brond band into rural america. so i think we've got it right for the most part. the challenge has been as we look through those, those have pretty significant financial consequences to s

that ought to be with the federal communication commission and with the state emergency responder so that, okay, we need to know, what is your assessment of how strong your network is and what do you have in place so that if that 100 year hurricane hits, everybody knows what your plan is. to go through and have a plan, rather than to say, our plan is to hope that we get 99 good years. we as the public through the federal commission is commission and state agencies will no what the plan is that is in place. we have got to have a common language of how we are talking about this. we talk about things like networklanguage when we're talkg about this. it is not like at&t is lying when they say we think our network held up reliably and it is taking them three days to get their service on line but it has taken verizon. it is there is not a set way to talk about this. but we have measures we could say, you guys are doing a good say, you guys are doing a good

commissioner mignon clyburn who after chairman genachowski is the senior democrat on the federal communications commission. commissioner clyburn, if we could start with events of the week. >> guest: yes. >> host: hurricane sandy. >> guest: yes. >> host: um, what is your assessment? there have been reports that up to 25% of cell towers in the northeast have been knocked out, that people are now using pay phones because their service is not working. what is your assessment of the carriers and their ability to maintain phone service for people in these affected areas? >> guest: peter, first of all, allow me to thank you, the both of you, for allowing me to be here today. um, also, my condolences, of course, go out to the families. there are many loved ones who were lost in this, in this tragic event, so my condolences go out to them, and, of course, hats off to those brave first responders who answered, continue to answer the call. in terms of the fcc' engagement as you know, the chairman literally spent the night at the agency. public safety person did the same. and we are definitely engaged in the process,

so one policy initiative at the federal communications commission that has affected your company is universal service fund reform. and a year ago this month the fcc put forth a major restructuring plan to convert $4.5 billion subsidy fund that had focused mainly on helping, helping companies pea for -- par the cost of providing rural telephone service, and they've converted this into a broadband subsidy fund. so a year lateerer, has the fcc achieved its goal? >> guest: well, there were two parking lots to that, right? huge changes in terms of intercarry compensation, which the way in which we pay one another. and there needed to be a great deal of clarification around that issue. and then the second part of that -- and we've made a lot of progress. we've taken the first step there. that's in process. around universal service funding, we absolutely got it right in terms of the focus needed to change away from voice. consumers place much less value and utility in the voice and much more in the broadband today. so i think the fcc and the usda and the cable companies, we all have that right. we n

language in the bill that made it so that twenty two agencies federal agencies like the federal communications commission the securities and exchange commission would have been able to obtain information simply by saying it was necessary to an investigation they would have been able to do this without a warrant valve language has now been removed privacy rights advocates people with the american civil liberties union a lot of libertarian organizations even grover norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bill says that unless there's a threat to homeland security that they have to let the person know they have to let you know if they in fact get a warrant to get your electronic communication so really a victory in the eyes of quite a few privacy rights advocates now the

street journal standing in the way of full spectrum media domination in america our federal communications commission rules that forbid one company from owning both a newspaper and a television station in one community. already owns local television stations in both chicago and los angeles according to sources within the f.c.c. chairman julius genachowski is quietly planning to scrap those rules under pressure from major media moguls like murdoch who see big box a huge political power and it consolidated national and local media genic house has circulated a new order to other f.c.c. commissioners that would allow for cross ownership of t.v. newspapers in the nation's twenty biggest media markets similar effort was made in two thousand and seven by george w. bush's f.c.c. but it was shot down after the senate vote voted to repeal it and a federal court blocked it not to mention ninety nine percent of the public comments the f.c.c. received opposed that media consolidation effort but undeterred murdoch and other media moguls kept lobbying and now president obama's f.c.c. is expected to consider these r

he wants the federal communications commission to require cellphone company to set up backup emergency power systems. for mass outages in the future. >> southwest airlines as part during with sea world to move se 6animals that were orphaned 60 animals-. that were displaced. 60 cats, dogs on the east coast were on a special charter flight. they were chaperoned on this trip. the helen would word placement service will help with placement helen woodward... and eleme [ man ] it's big. supports in times of need. same with aladdin. the biggest in bail. no one has lower prices, is faster or more professional. aladdin bail bonds. bigger because we're better. aladdin bail bonds. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. [ man ] it's big. supports in times of need. same with aladdin. the biggest in bail. no one has lower prices, is faster or more professional. aladdi

federal prison systems which charge much less still make money off the calls now the federal communications commission is taking notice of the exorbitant fees the f.c.c. announced it would seek public comment in prison phone on prison phone rates so why are the rates so high and can the f.c.c. change anything i'm joined now by drew kraus the research associate for the prison policy initiative drew welcome so now it seems that not all prisons are created equal when it comes to charging prisoners for phone calls federal prisons cost significantly less than state prisons as we just saw why is that. well in the perfect the federal prison system operates its own phone system unlike state systems which contract with just a handful of phone companies the largest of which is global telling which controls about fifty five percent of the state prison market in the united states and how just how lucrative would you say this prison telephone industry as well just to put it into perspective a little bit tell it was purchased by a private equity firm your about a year and a half ago for a billion dollars so it's qu

lobbyist the federal communications commission put a rule in place requiring broadcasters to post their political ad files on the government agencies website such as this hasn't increased transparency what the f.c.c. shows are the broadcast networks are not cable networks and they only show the fifty largest market in the united states so there's a huge chunk of t.v. ads that are not covered our democracy take the tiny little fact that there are more than two presidential candidates running for the presidency there are dozens of other candidates that no one will ever know or hear about because you won't read it in the papers because they can't afford advertisements and they certainly can't afford the millions that it cost to get a commercial on broadcast television and i introduced myself candidates like libertarian governor gary johnson the networks arguably might be promoting candidates that would generate most of the most donations into their campaigns to be able to pay for this very expensive advertising leading to money being the decisive factor when it comes to americans choosing

federal prison systems which charge much less still makes money on the calls that the federal communications commission is taking notice of the exorbitant fees the f.c.c. announced it would seek public comment on prison phone rates so why are the rates so high and can the f.c.c. change anything i'm joined now by dr joanna fernandez a professor filmmaker and activist from college. dr joe fernandez great to have you on so as we just saw if you want to make a call in a federal prison it costs much less a fraction of the cost than state prisons why is that. well part of the situation is that you have a predatory system in place that supported by state prison systems essentially these companies. they secure a contract through a bidding process whereby the company offers the state prison system a commission or profit sharing in the form of a percentage of revenue to the prison system so the prison system essentially is obtaining kickbacks from the companies and so this produces price gouging because there is no limit and no cap on the prices that are placed on these calls because both the company and the pri

the federal communications commission says wireless service is improving in the aftermath of hurricane sandy. but serious outages remain in hard-hit areas like new jersey and new york. where cell phone users crowded around power strips yesterday to charge their phones. sandy's blow to mobile phone sites from virgina to massachusetts gives fresh impetus for federal requirements that wireless networks have backup power systems. phone companies went to court and blocked backup power rules proposed after hurricane katrina. a fomer f-c-c executive tells bloomberg news, sandy may get washington moving on this again. the new c-e-o of chicago public schools has exactly one month, by law, to announce which schools will be shut-down or consolidated. the city has 681 schools. barbara byrd-bennett says 40 percent of them are under- utilized, and 20 percent are more than half empty. she believes it's key to listen to parents during the process of choosing which schools to close or combine. the chicago teachers' union says it's skeptical, but hopeful, c- p-s will listen to the community. some parent

federal prison system which charges much less still makes money off the calls now the federal communications commission is taking notice of the exorbitant fees the f.c.c. announced it would seek public comment on prison phone rates so why are the rates so high and can the f.c.c. change anything earlier i was joined by drew koku crouse ski a research associate at the prison policy initiative he began by explaining why federal prisons cost so much less than state prisons. the federal prison system operates in own phone system unlike state systems which contract with just a handful of phone companies the largest of which is global telling which controls about fifty five percent of the state prison market in the united states and how just how lucrative would you say that this prison telephone and history as. well just to put it into perspective a little bit will tell it was purchased by a private equity firm your about a year and a half ago for a billion dollars so it's quite a money making industry it's wow and you can you explain how states are making money off of this. you know what happens in the priso

. >> shannon: the federal communication commission is talking about cell phone towers have backup supplyoto avoid outals like in hurricane sandy. many people lost more, like their homes and way of live. tonight, eric shawn on thanksgiving many people never imagined. >> three weeks later there is a need. >> apple, ham and cheese, crackers, juices. >> even now, coney island resident remains without heat. she stood in line to get bottled water and bags of snacks to carry back to her cold apartment. >> did you think it would be this long? >> no. >> the worst i've seen. >> they hand out everything from pretzel to diapers. the impact is lasting. >> the storm's problem it created there is a long-term damage swept to work hard to sustain the basic needs. >> most americans are thinking of turkey and trimmings the storm victims are thankful for the basics. >> this was scary. never experienced this in my life. never. >> i pray every day. gets me through. >> breezy point queens where houses were destroyed the state provided meals for volunteers and first responders. >> todd, everybody wants to be ho

. >>> tonight, the federal communications commission is in investigating the unsolicited campaign texts that have been showing up across cell phones across our area. many of our viewers, they told us that they were offended by the anti-obama text, because of the invasion of privacy. andrea mccaren is tracking this story joining us from the satellite information with new information. andrea? >> reporter: not only are people annoyed by the

. >>> wusa is appealing a decision by the federal communications commission requiring the station to let pro-life independent presidential candidate randall terry buy commercial time. the s pc rules require stations to give reasonable access to the ads for candidates of federal office and terry is on the balance loipt west virginia but not in maryland, virginia, or d.c. in its brief to the fcc wusa argued that its signal does not reach west virginia and therefore it should not be required to run the ad. the commission ruled that wusa's signal reaches enough west virginians to meet the requirements 9news viewed the ads and all were too graphic to be shown in the newscast with images of aborted fetuses or beheadings. in a statement, wusa said, "we disagree with the decision requiring us to run ads for mr. teamplet we will be asking the fcc to reconsider its decision." >>> still ahead, a rivalry 50 years in the making. a look at the origin of the so- called bell game between two local high schools coming up in sports. >>> but first, from the u- street corridor into silver sprang, gaithe

that's at the request of the federal communications commission. the theft of cell phones has jumped 64% since 2007. >>> crews are repaving pennsylvania avenue to get ready for the inauguration on january 21st. while that project is under way, cyclists and drivers will have to share a stretch of pennsylvania between 3rd and 14th streets northwest. ddot says most of the paving will happen overnight. it should take about ten days to complete. >>> start saving your change. rates on the dulles toll road will take place over three years. they'll vote on a rate hike that will start with a 50 cent raise next year to $2.75. tolls would jump to $3.50 by 2014 and $4.50 by 2015. it's primarily to fund themetro silver line to dulles. >>> 5:35 now. 37 degrees. still to come, new charges for a teenager accused of killing a cab driver in the district. >>> plus a look at where people had the best view of this perfect solar eclipse. >>> for about two minutes the morning daylight turned to darkness. some scientists actually went to australia to see this and study th

. >> reporter: the resolution signed in a formal ceremony at federal communications commission headquarters in south washington called for bose u.s. and mexican cell service providers to refuse to activate any stolen cell phone. d.c. police chief kathy lanier who was invited to speak said the effort could prevent bloodshed. >> i represent really the victim who i have many names and faces in my mind when we talk about this, who have either lost their life or had their life significantly changed because of a senseless act of violence for somebody who wanted to take a phone. >> reporter: chief lanier said crimes involving the theft of cell phones, smart phones, and other portable electronic devices has increased 54% since 2007 after hundreds of arrests failed to make a dent, the focus turned to taking away the profit. >> i have never seen a crime in 23 years i've been doing this, take off the way this did. and just shoot through the roof. >> reporter: fcc chairman jan cowsky noticed two weeks ago, the u.s. carriers finally banded together to create a central database to track stolen devices an

he is asking the federal communication commission to require cell provideers to have emergency powerrce like backup generators at tower sites. >> we are also asking them to explore ways to harden cell infrastructure make it less susceptible to damage. goal is simple no matter the disaster there's uninterrupted cell phone service for first responders and citizens who lost power. >> nearly 1 in 4 customers were without cell service for days when the storm hit. >>> losing a child to suicide would be an unimaginable pain. there are signs that a suicide is about to happen. as. one of the easiest ways to keep track of your child's mind is to keep an eye on their smart phone phone. >> reporter: bubbly beautiful and bright are a few ways many would describe her. >> very happy. very good hearted child. >> reporter: at 17 years old, high school senior ashley duncan stood 5 feet 11 inches tall. she did some modeling was called daddy's little girl and was a big fan of volleyball. >> she played in middle school and she played in high school. >> reporter: but her social media posts were the opposi

have created a database which pulls in the advertising that is not registered at the federal communications commission is the top 50 markets. we are trying to pull that together and have asked volunteers to go to some of the uncovered markets and help us collect the other advertising. there are these concentrated pockets of spending in these communities. the television stations are telling us it is difficult to make these filings and put this in an electronic format. hire an extra clerk or two if you're making so much extra money. host: is this estimate correct -- about a million commercials? guest: as far as i know, yes. it certainly shows like at least a million. host: matt on the republican line. you are on with kathy kiely. caller: i have good news for the democrats. they don't have to spend much money any longer. cesar chavez got elected. find people in need like immigrants coming in and they will be the natural constituents. they will be electing all democrats all the time. democracy has been interrupted. that is the reason they opposed checking identification. the people have to have a driver's

. >> next, remarks from federal communications commission chairman julius genachowski. he spoke at an event earlier today. it is one hour. >> good afternoon. thank you for joining the conversation with julius genachowski. normal rules that you are all familiar with. welcome to our meeting today. please completely turned off yourself phones, blackberrys, and all wireless devices. as a reminder, this meeting is on the record. i am very excited to be here today. this is perhaps the most anticipated cfr event. i am glad the chairman can join us today. a quick introduction. prior to the appointment, chairman genachowski was chief of operations. special adviser at the private equity firm general ed bennett partners, and co-founder of the technology incubator lunchbox digital. his full biography is in your packages. we will then go into a conversation where i follow up with some questions. after that, we will open up to audience conversation. thank you. the floor is yours, chairman. >> thank you. happy thanksgiving. i am thankful that the election is over so we can finally foc

. >> ahead of the federal communications commission, julius genachowski, spoke yesterday about international telecommunications policy. chairman genachowski's remarks are about one hour. >> good afternoon. thanks for joining the conversation with fcc chairman genachowski. just some quick introductory marks, sort of normal rules of the game them sure you are all familiar with. welcome to our meeting today at the council on foreign relations. plump lately turn off your cell phones, blackberries and all wireless devices to avoid intervention with the sound system and as a reminder, this meeting is on the record. i'm very excited to be here today, this perhaps the most anticipated cfr event as much as the new james bond movie, since we rescheduled a number times but i'm glad that chairman to join us today. just a quick introduction, prior to his fcc appointed, chairman genachowski was chief of this operations and before that general counsel at iac interactive corp., special advisor and cofounder of the technology incubator launchbox digital. 's full bio is in your packages. with packages. with t

have created a database which pulls in the advertising that is not registered at the federal communications commission. it is the top 50 markets. we are trying to pull that together and have asked volunteers to go to some of the uncovered markets and help us collect the other advertising. there are these concentrated pockets of spending in these communities. the television stations are telling us it is difficult to make these filings and put this in an electronic format. hire an extra clerk or two if you're making so much extra money. host: is this estimate correct -- about a million commercials? guest: as far as i know, yes. it certainly shows like at least a million. host: matt on the republican line. you are on with kathy kiely. caller: i have good news for the democrats. they don't have to spend much money any longer. cesar chavez got elected. find people in need like immigrants coming in and they will be the natural constituents. they will be electing all democrats all the time. democracy has been interrupted. that is the reason they opposed checking identification. the people have to have a driv

conversations] >> shortly we'll go live to the council on foreign relations for marks from federal communications commission chair julius genachowski. is expected to discuss international telecommunications policy. that will be live at 12:30 p.m. eastern on c-span2. be sure to join us tonight from the washington ideas form or a roundtable discussion. a look at america's strategic competitiveness. wrong. >> how does one adequately express his feelings about a special friend? when that friend is also a world icon, a national hero of hero unimaginable proportions. unimaginable proportion and a legend whose name will live in . neil, wherever you neil armstro armstrong. fate looked down kindly on us when she chose neil to be the first to venture to another world and to have the opportunity to look back from space at the beauty of our own. it could have been another, but it wasn't, and it wasn't for a reason. no one, no one, but no one could have accepted the responsibility of his remarkable accomplishment with more dignity and more grace than neil armstrong. he embodied all that is good and >> just before 11:30

community. in april of this year, the federal equal employment opportunity commission ruled that title 7 the federallaw protects transgender people on the job. that is a legal protection that extends to transgender and gender nonconforming people. >> let me read you a quote. he says it's the civil rights issue of our time, that is from joe biden. do you want to comment on that? >> i think it's really amazing an administration who is so aware of transgender issues. i would venture to say that there are so many civil rights issues we are dealing with today. we can feel better and also around equal pay for gender issues. >> cheryl: it complicates it. doesn't it? >> it does. we need a lot more education. >> cheryl: and housing discrimination? >> that is absolutely one critical area of discrimination that we see. discrimination in accessing homeless shelters and apartments and rentals. this is main area we get calls from california and calls unfortunately. >> cheryl: we're going to put information about both of your organizations our website. thank you for educating us about this. we do have to take a br

community and the many talented federal and state law enforcement agents who have worked so hard for so long to develop these cases. i would like to thank our colleagues at the securities and exchange commission for their important parallel investigation. with that i would like to turn it over now to my friend and colleague, the director of enforcement at the f.c.c. thank you. >> thank you. i'm director of enforcement at the f.c.c. today we are announcing that b.p. has agreed to pay more than a half billion dollars that it misled investigators about the rate of oil flowing during the deep water horizon disaster. the $525 million penalty represents the third largest civil penalty ever assessed and those funds will be used to compensate harmed investors for losses sustained from this fraud. b.p. misrepresented in f.c.c. filings that the oil spill flow rate was estimated to be up to 5,000 barrels of oil per day and that was the current estimate. in fact b.p. was in position of numerous analysis where 5,000 was at the lowest end of the range and those same analysis had upper ranges that were many multiples of 5,000 barrels. according to our complaint b.p. executives made public statements in whic

federal trade commission, jon liebowitz. he spoke for half hour at "the wall street journal" ceo council meeting. [inaudible] [inaudible] [inaudible] >> one of the business community has generally embraced, called do not track which would allow consumers to opt out of third party tracking if they wanted to. it's a much more moderate approach and say that the you what they're debating, whether to allow any sort of collection of information at all. and if so to do it on an opt in approach. this would be opt out. >> used it at the white house in favor and crafted to do with the online advertising community about do not track to everyone that hoped this deal would be done. i think probably fair to say it is faltering a bit. i'm a little more optimistic. but whether it will be done by the end of the. >> i think this has been a process in which we are two steps forward and one step back throughout. but we're still making forward progress. after all, the advertising community has built something called an ad choices network in which they now serve over 1 trillion advertisements with an opt out every month. so i think that's pretty meaningful. the question is whether do n

community and the many talented federal and state law enforcement agents who have worked so hard for so long to develop these cases. i would also like to thank our colleagues at the securities and exchange commissionortant parallel investigation. and with that, i would like to turn it over now to my friend and colleague, the director of enforcement at the s.e.c., robert. thank you. >> thank you. i'm rob. director of enforcement at the s.e.c. today we are announcing that b.p. has agreed to pay more than a half billion dollars to settle charks that have misled investors about the rate of oil flowing from the gulf of mexico during the deepwater horizon disaster. a $5 a 235 million civil penalty represents the third largest ever and those funds will be used to compensate harmed investors for losses sustained from this fraud. b.p. misrepresented that the oil spill flow rate was estimated to be up to 5,000 barrels of oil per day and that that was the current estimate. in fact, b.p. was in possession of numerous an cease where $5,000 was at the lower or lowest end of the range and those same analysis that is a range that are many muttles of 5,000 barrels. after these filings, b.p. exec tivers made numero

community, the many talented federal and state law enforcement agents who have worked so hard for so long to develop these cases. i would like to thank our colleagues at the security in exchange commission for their important parallel investigation. with that, i would like to turn it over now to my friend and colleague, the directer of enforcement at the fcc, robert. thank you. >> thank you. i'm rob, directer of enforcement at the fcc. today we are announcing that bp agreed to pay more than a half billion collars to settle charges that had mislead investors about the rate of oil flowing from the gulf of mexico during the deepwater horizon disaster. a $5 25 million civil penalty is the largest ever assessed before. they will be used to compensate harmed investors for losses sustained from the fraud. bp misrepresented an fcc filings that the oil spill flow rate was estimated to be up to $5,000 of oil per day and a $5,000 barrels of oil per day with the current estimate. in fact, bp was in possession of numerous analysis or $5,000 was in fact at the lowest end of the rank, and those same analysis had upper ranges that were many multiples of $5,000 barrels. according to the compliment about

community and the many talented federal and state law enforcement agents who have worked so hard for so long to develop these cases. i would like to thank our colleagues at the securities and exchange commission for their important parallel investigation. with that i would like to turn it over now to my friend and colleague, the director of enforcement at the f.c.c. thank you. >> thank you. i'm director of enforcement at the f.c.c. today we are announcing that b.p. has agreed to pay more than a half billion dollars that it misled investigators about the rate of oil flowing during the deep water horizon disaster. the $525 million penalty represents the third largest civil penalty aftersaysed and those fund will be used to compensate harmed investors for losses sustained from this fraud. b.p. misrepresented in f.c.c. file thags the oil spill flow rate was estimated to be up to 5,000 barrels of oil per day and that was the current estimate. in fact b.p. was in position of numerous analysis where 5,000 was at the lowest end of the range and those same analysis had upper ranges that were many mullment of 5,000 barrels. according to our complaint b.p. executives made public statements in which they

reallocation plan that includes the costs of relocating from this band and urges the federal communication commission to are-allocate this band to commercial use. i hasten to add the costs of relocating the band should be verifiable and transparent. the report for the underlying bill requires the government accountability office to determine if the cost of vacating or sharing the 1755- 1755-18 -- 1780 band is sufficiently captured in estimates. i look forward to the g.a.o.'s record on this issue. there are those who may voice concerns about how this may impact our national security. i take a back seat to no one in being pro-military. i sat on the armed services committee for six years. i have an air force base in my state i care deeply about. it is important to understand that existing law provides ample protection to d.o.d. for the relocation to replacement spectrum. there are those concerned about the cost to d.o.t. to relocate, the law requires d.o.t. relocation costs to be covered by the spectrum relocation fund which is funded through the proceeds of the auction of the band to commercial license