Telecommunications Act Of 1996

The Telecommunications Act of 1996, that took place by the U.S. Congress on February 1, 1996, and signed into law by President Bill Clinton on February 8, 1996, provided major changes in laws affecting cable TV, telecommunications, and the Internet. I remember it somewhat because I was in 4th or 5th grade when it happened. The law's main purpose was to stimulate and limit competition in telecommunication services. The law specifies, that it “removes all limits on the number of television and radio stations, which can be owned by a single entity if the television stations do not reach an audience more than 39%. Extended limits of television and radio to 8 years.” This eliminated regulations of rights of TV stations opening more options for companies.
The CDA also attempted to regulate the Internet like broadcast ruled unconstitutional and has not been successful in approval.