[JURIST] Updating a report from earlier today in JURIST's Paper Chase, Federal Communications Chairman Michael Powell has now announced his resignation from the Commission. In a statement released in Washington, he said:

Having completed a bold and aggressive agenda, it is time for me to pursue other opportunities and let someone else take the reins of the agency. During my tenure, we worked to get the law right in order to stimulate innovative technology that puts more power in the hands of the American people, giving them greater choices that enrich their lives. Evidence of our success can be seen increasingly in the offices, the automobiles and the living rooms of the American consumer.