This document presents witness testimony and supplemental materials from a Congressional hearing regarding reform to national telecommunications policy, namely, replacing a regime of heavy regulation with a true market system. Statements are featured by Senators John Ashcroft, Conrad Burns, Ernest Hollings, Kay Baily Hutchison, John D. Rockefeller IV, Bob Packwood, Larry Pressler, and Ted Stevens. Testimony is included from: (1) Anne K. Bingaman, Antitrust Division, Department of Justice; (2) Henry Geller, the Markle Foundation; (3) George Gilder, the Discovery Institute; (4) Kenneth Gordon, Massachusetts Department of Public Utilities; (5) Peter W. Huber, Manhattan Institute; (6) Larry Irving, Department of Commerce; (7) John W. Mayo, University of Tennessee; (8) Dr. Lee Selwyn, Economics and Technology; and (9) Clay Whitehead, Clay Whitehead Associates. A brief appendix reports on the forecasts of the WEFA Group for communications competition. (BEW)