Today in 1934, President Franklin D. Roosevelt signed into law The Communications Act of 1934.
The act replaced the Federal Radio Commission with the Federal Communications Commission (FCC). It also transferred regulation of interstate telephone services from the Interstate Commerce Commission to the FCC.
On January 3, 1996, the 104th Congress of the United States amended or repealed sections of the Communications Act of 1934 with the Telecommunications Act of 1996. It was the first major overhaul of American telecommunications policy in nearly sixty years. It included the internet in broadcasting and spectrum allotment and its primary goal was the deregulation of the converging telecommunications and broadcasting markets.