House telecom subpanel to mark up FCC reform bills next Wednesday

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The legislation would also codify the commission's informal "shot clock" for merger reviews and consolidate its eight separate Congressional reports into a single, comprehensive report. 

The bill is likely to draw support from Republicans, who lost an attempt to overturn the FCC's net-neutrality rules in the Senate on Thursday. House Oversight Committee Chairman Darrell Issa (R-Calif.) has accused the independent agency of being too close to the White House and allowing political concerns to dictate rulemaking.

But Senate Democrats and the White House have been largely supportive of the commission and its chairman, Julius Genachowski, a longtime friend of President Obama's.