Adopt the Telecommunications Exchange Deregulation Act

LB 4 adopts the Telecommunications Exchange Deregulation Act to remove state regulatory oversight for specific telecommunications services. It directly affects older local exchange carriers (those with certificates issued before February 8, 1996, or acquired with such certificates) by allowing them to opt out of state regulation for services like voice over internet protocol (VoIP), mobile radio, and interexchange services. The bill amends Nebraska law to explicitly state that the Public Service Commission cannot regulate these services (per Section 86-124(1)), while maintaining the commission's authority over other areas like universal service funds and consumer protection. The bill was amended into LB 311 on June 6, 2025, and did not become law.