Telecommunications Equity Act of 1986

[AI summary unavailable — showing source text] Telecommunications Equity Act of 1986 - Authorizes the Bell operating companies to provide information services (excluding electronic publishing) and to manufacture telecommunications equipment, subject to such regulations as the Federal Communications Commission shall prescribe. Provides that such rules and regulations shall apply to a Bell operating company only if the Commission determines that there is not a substantial possibility that such company could impede competition in the information services or telecommunications equipment manufacturing businesses. Allows a Bell operating company to provide an information service if the Commission determines that the provision of such service will not harm competition and is required by the public interest. Specifies factors for the Commission to consider in granting applications for the provision of an information service. Directs the Commission to conduct an annual assessment, providing for public comment, of the impact of this Act on employment in the telecommunications equipment manufacturing and information services industries and to include a summary of the results of such assessment in its annual report to the Congress. Directs…