Sen. Deb Fischer (R-Neb.), Cory Booker (D-N.J.), Kelly Ayotte (R-N.H.) and Brian Schatz (D-Hawaii) submitted the resolution with the goal of promoting economic growth and empowering consumers through the Internet of Things, according to a press statement released Wednesday.
Sen. Fischer said the IoT resolution aims to “maximize consumer opportunity and to facilitate economic growth” through a national strategy that incentivizes the use of new technologies.
“The Internet of Things resolution would encourage new opportunities to harness the power of the Internet and develop innovative solutions for people and businesses,” said Sen. Ayotte.
The legislators also noted a recent IDC report that projects IoT would generate $8.9 trillion in global revenues by 2020.
The four senators initiated a hearing in February to discuss the changing landscape of IoT.