The U.S. House Energy and Commerce Committee on Thursday announced draft legislation for overhauling U.S. telecommunications laws to address new technologies, such as internet video and voice services, reports Reuters. "We need a fresh new approach that will encourage internet providers to expand and improve broadband networks, spur growth in the technology sector and develop cutting-edge services for consumers," the committee's Republican Chairman, Rep. Joe Barton of Texas, said in a statement.

Telephone and cable companies have been competing to sign up subscribers for high-speed internet, and phone companies have been lobbying lawmakers and regulators to limit state regulation of high-speed internet services in order to avoid having to get permission from local authorities in every town and city to offer video service.

The House Energy and Commerce Committee lawmakers will likely discuss the draft over the next few weeks and hold hearings on it in October. Analysts have said chances are slim that Congress would approve telecommunications legislation this year.