Congress has no intention of entering the stormy financial interest and syndication rules revision debate, but solons are itching to pass a cable “reregulation” bill in 1991.

That was the message delivered at NATPE by Larry Irving, senior counsel to House telecommunications subcommittee chairman Edward Markey (D-Mass.). Irving, one of the panelists for a session titled “Is Regulation Back in Style?” said lawmakers will continue to avoid the finsyn battle as long as the FCC decision “passes the smell and yell test.”

To pass the “smell” portion, the FCC needs to meet a “good public policy” standard, per Irving. The “yell” portion will require the commission to deliver a decision that “keeps [Motion Picture Assn. of America prez] Jack Valenti and [NBC topper] Bob Wright from screaming too loud.”

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