Adopt the Telecommunications Exchange Deregulation Act, restrict actions of governmental actors relating to telecommunications, and change provisions relating to regulation of telecommunications

LB 311 would allow certain Nebraska telecommunications carriers (specifically "electing local exchange carriers" with pre-1996 service certificates) to seek state deregulation of their service areas if competition meets a defined threshold. To qualify, at least 90% of households outside tribal areas must have access to voice service from two additional carriers (including one wireline/cable provider), with rebuttable evidence required if this standard isn't met. The bill explicitly preserves existing state and federal obligations, including 911 services, universal service fund contributions, and intercarrier compensation rules. It directly affects incumbent telecom providers seeking to remove state oversight from specific geographic exchanges while maintaining regulatory authority over core services.