Today at the Hudson Institute, FCC Chairman Pai announced that he’s “beginning a process to establish an Office of Economics and Data, or OED.” Below is the Internet Innovation Alliance’s statement on the move:

“We congratulate Chairman Pai on his announcement that the FCC plans to establish an Office of Economics and Data (OED) to make Commission decisions based on economics. We agree that agency decision-making based on sound economics and data best serves the public interest.

More on the OED from Chairman Pai:

“This Office will combine economists and other data professionals from around the Commission.  I envision it providing economic analysis for rulemakings, transactions, and auctions; managing the Commission’s data resources; and conducting longer-term research on ways to improve the Commission’s policies.”