FCC Chairman Tom Wheeler Will Step Down When Donald Trump Takes Office

By Trey Williams Markets MarketWatch Pulse

Federal Communications Commission Chairman Tom Wheeler announced on Thursday he will step down from his role the day of President-elect Donald Trump's inauguration into office on Jan. 20. Wheeler, a Democrat, has led the agency for more than three years and championed such policies as net neutrality. "Serving as FCC Chairman during this period of historic technological change has been the greatest honor of my professional life. [The Commission's] achievements have contributed to a thriving communications sector, where robust investment and world-leading innovation continue to drive our economy and meaningful improvements in the lives of the American people. It has been a privilege to work with my fellow Commissioners to help protect consumers, strengthen public safety and cybersecurity, and ensure fast, fair and open networks for all Americans," Wheeler said in a statement.

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