In what would be a grand slam victory for the telecomm industry and possibly a slap in the face of content providers, Federal Communications Commission chairman Ajit Varadaraj Pai on Tuesday will outline his plan to completely rip out current regulations surrounding what is known as net neutrality.
What is Net Neutrality? Politico explains it nicely in this two-minute video:
The gist of Pai’s agenda is that the current regulatory environment is slowing down investments in broadband networks, and is therefore an impediment to growth in the industry. Meanwhile, Internet Service Providers, or ISPs, are afraid that the two-year old foundation for net neutrality would allow the government to control the pricing of internet services in the future.
While the FCC’s move is intended to remove regulatory worries, the commission is also clear that strict action will be taken against violators of the essential principles of net neutrality, to the extent that it may enlist the help of the FTC to bring to bear charges of unfair business practices on such companies.
The rollback could be approved as early as December 14, 2017, by the Republican-heavy FCC.
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