HR 4927

This bill, the Consumer Access to Broadband for Local Economies and Competition Act, aims to increase competition in the cable television industry. It prevents state and local franchising authorities from blocking the sale or transfer of cable franchises to new owners, as long as the new owner agrees to maintain the existing terms of the franchise. The bill also requires cable operators to notify authorities of franchise transfers at least 15 days in advance. These changes are intended to promote more open markets and potentially lower costs for consumers.