Witnesses testified on the effects of the Cable Television and Consumer Protection Act of 1992 on the television marketplace and consumers twenty years after its passage. The Cable Television and Consumer Protection Act of 1992 was enacted to promote program diversity, promote market competition, and protect local broadcasts from being marginalized. The hearing was focused on investigating why, even with the law, cable subscriptions continue to increase and cable companies are reporting record 30-40% profit margins. Committee members floated ideas for legislation that may increase cable companies' transparency.