47 U.S.C. § 161 — Regulatory reform

(a) Biennial review of regulations. In every even-numbered year, beginning with 1998, the Commission must do two things. First, it must review all regulations issued under this chapter that are in effect at the time of the review and that apply to the operations or activities of any provider of telecommunications service. Second, for each such regulation, the Commission must determine whether it is no longer necessary in the public interest, as a result of meaningful economic competition between providers of that service. (b) Effect of determination. If the Commission determines that a regulation is no longer necessary in the public interest, the Commission must repeal or modify that regulation.