Ajit Pai adopts a 'light touch' leading Trump's FCC

The head of the Federal Communications Commission wants to embrace a “light touch” approach to regulation under his leadership and the new administration.

“Light touch regulation means that we create broad regulatory frameworks that can protect consumers to ensure an overall competitive marketplace,” FCC Chairman Ajit Pai said on CNBC’s “Squawk on the Street” last week. “But we shouldn’t micromanage how these companies operate their businesses in the absence of evidence of a market failure.”