financetom
Business
financetom
/
Business
/
US agency to vote to restore net neutrality rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US agency to vote to restore net neutrality rules
Apr 25, 2024 4:40 AM

WASHINGTON, April 25 (Reuters) - The U.S. Federal

Communications Commission will vote Thursday to reinstate

landmark net neutrality rules and assume new regulatory

oversight of broadband internet rescinded under former President

Donald Trump.

The commission voted 3-2 in October to advance the proposal

to reinstate open internet rules adopted in 2015 and

re-establish the commission's authority over broadband internet.

The FCC will vote to give final approval Thursday.

Net neutrality refers to the principle that internet service

providers should enable access to all content and applications

regardless of the source, and without favoring or blocking

particular products or websites.

"It is time to have broadband oversight, national net

neutrality rules and policies that ensure the internet is fast,

open, and fair," said FCC Chair Jessica Rosenworcel.

Reinstating the rules has been a priority for President Joe

Biden, who signed a July 2021 executive order encouraging the

FCC to reinstate net neutrality rules adopted under Democratic

President Barack Obama.

Democrats were stymied for nearly three years because they

did not take majority control of the five-member FCC until

October.

Under Trump, the FCC had argued the net neutrality rules

were unnecessary, blocked innovation and resulted in a decline

in network investment by internet service providers, a

contention disputed by Democrats.

A group of Republican lawmakers including House Energy and

Commerce Committee chair Cathy McMorris Rodgers and Senator Ted

Cruz called the plan "an illegal power grab that would expose

the broadband industry to an oppressive regulatory regime"

giving the agency and states power to impose rate regulation,

unbundling obligations and broadband taxing authority.

The Computer & Communications Industry Association, whose

members include Amazon.com ( AMZN ), Apple ( AAPL ), Alphabet

and Meta Platforms ( META ), back net neutrality,

arguing the rules "must be reinstated to preserve open access to

the internet."

USTelecom, whose members include AT&T ( T ), Verizon

and others, called reinstating net neutrality effort "entirely

counterproductive, unnecessary, and an anti-consumer regulatory

distraction."

Despite the 2017 repeal, a dozen states now have net

neutrality laws or regulations in place. Industry groups

abandoned legal challenges to those state requirements in May

2022.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Citizens Financial Group Positioned for Continued Outperformance, BofA Says
Citizens Financial Group Positioned for Continued Outperformance, BofA Says
Oct 9, 2025
11:14 AM EDT, 10/09/2025 (MT Newswires) -- Citizens Financial Group ( CFG ) has the potential for continued outperformance on superior return on tangible common equity, or ROTCE, improvement and scope for growth, Bank of America Securities said in a Thursday research report. The company's valuation is compelling, given multiple catalysts to support EPS growth. BofA's 300-plus basis-point ROTCE growth...
Rocket Doctor AI Up as it Secures Funding to Drive U.S. Market Expansion and Product Innovation
Rocket Doctor AI Up as it Secures Funding to Drive U.S. Market Expansion and Product Innovation
Oct 9, 2025
11:11 AM EDT, 10/09/2025 (MT Newswires) -- Rocket Doctor AI ( AIRDF ) shares rose 4.3% Thursday after its wholly-owned digital health platform and marketplace, Rocket Doctor, received advisory services and funding of up to $75,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and funding of up to $25,000 from the CanExport SMEs program....
Joby Aviation Making 'Meaningful Progress' in Aircraft Certification, Morgan Stanley Says
Joby Aviation Making 'Meaningful Progress' in Aircraft Certification, Morgan Stanley Says
Oct 9, 2025
11:14 AM EDT, 10/09/2025 (MT Newswires) -- Joby Aviation ( JOBY ) is making meaningful progress in aircraft certification but the company has already largely missed the milestones it had set back in 2021, Morgan Stanley said in a Thursday note. The company initially targeted to receive Federal Aviation Administration Type Certification in 2023, to be followed by commercial service...
One and One Green Technologies. INC Announces Pricing of Initial Public Offering and Listing on the Nasdaq Capital Market
One and One Green Technologies. INC Announces Pricing of Initial Public Offering and Listing on the Nasdaq Capital Market
Oct 9, 2025
San Rafael, Bulacan, Philippines, Oct. 09, 2025 (GLOBE NEWSWIRE) -- One and one Green Technologies. INC (the “Company”) , a waste materials and scrap metal recycling company in the Philippines, today announced the pricing of its initial public offering (the “Offering”) of 2,000,000 class A ordinary shares, par value $0.0001 per share (“Class A Ordinary Shares”), at a public offering...
Copyright 2023-2026 - www.financetom.com All Rights Reserved