The Telecommunications Act of 1996 is a significant piece of legislation in the United States that aimed to promote competition in the telecommunications industry. It was the first major overhaul of telecommunications law in over 60 years, allowing new companies to enter the market and encouraging innovation. The Act also aimed to reduce regulatory barriers and promote the deployment of advanced telecommunications services. One of the key provisions of the Act was the requirement for local telephone companies to open their networks to competitors. This was intended to foster competition and lower prices for consumers. Additionally, the Act addressed issues related to broadcasting, cable, and internet services, shaping the landscape of modern telecommunications.