VOIP Regulatory Freedom Act of 2004

[AI summary unavailable — showing source text] VOIP Regulatory Freedom Act of 2004 - Reserves solely to the Federal Government the responsibility and authority to regulate the offering or provision of a voice-over-Internet-protocol (VOIP) application (an application that uses the Internet or any successor protocol to offer two-way or multidirectional voice communications). Prohibits State regulation, or delegation to States, of such authority. Prohibits the offering or provision of a VOIP application from being subject to access charges under Federal Communications Commission (FCC) regulations, but allows the FCC to establish a compensation mechanism for providers of VOIP applications based on the recovery of costs. Prohibits the FCC from imposing a compensation mechanism based on the mutual recovery of costs through reciprocal obligations unless the FCC has established a single unified regime for the sending and receiving of all data and voice communications. Allows connected VOIP application providers to enter into private negotiations for the mutual recovery of costs for sending or receiving voice communications of a connected VOIP application. Directs the FCC to: (1) ensure that all providers of a connected VOIP application…