Internet service providers now have the power to block websites, throttle services, and censor online content.
It was put in place by the Obama Administration but President Trump made a decision to scrap the rule in December.
But critics claim that the FCC's new rules could invite internet service provides an opportunity to slow down its competitors' content. Pai told CBS that the Federal Trade Commission will work to prevent such cases of "bad apples in the internet economy" from taking place.
Tea for Two: What May Come of Trump-Kim Summit in Singapore?
Tensions between the two countries escalated in 2017 after Pyongyang stepped up efforts to boost its nuclear weapons programme. Mr Kim is staying at Singapore's five-star St Regis hotel, while Mr Trump is staying about half a mile away at the Shangri La.
Putin says ready to meet Trump 'as soon as' Washington is ready
If the G-7 were to expand, it should include India and Brazil, both democracies that have larger economies than Russia's. He adds Moscow will continue to honor its obligations under the Iranian nuclear deal.
Business as usual in North Korea as public unaware of summit
It is unclear, however, under what terms North Korea would agree to in an effort to reduce its nuclear arsenal. Trump arrived in Singapore after another meeting with foreign leaders - a group of close American allies.
In the op-ed, Pai says that repealing Net Neutrality "will protect consumers and promote better, faster internet access, and more competition" while simultaneously preserving the internet as "an open platform where you are free to go where you want". Supporters of net neutrality have also said that without regulation, a greater socio-economic digital divide could develop, creating a class of information "haves" and "have nots".
The way the internet is regulated in the United States is about to change. On Thursday, with the official repeal date looming, dozens of senators sent a letter to House Speaker Paul Ryan urging him to schedule a vote on the issue. This, according to Pai, "will allow consumers to make an informed decision about which Internet service provider is best for them". It will head to the State Assembly, where hearings will begin in June and must be voted on by the end of August. "And in the medium- to long-term, I think we're going to see more investment in high-speed networks, particularly in rural areas that are hard to serve".
"Now, on June 11, these unnecessary and harmful internet regulations will be repealed and the bipartisan, light-touch approach that served the online world well for almost 20 years will be restored", said Pai, per a CNN report. In 2015, the FCC approved a set of regulations on ISPs.
The Internet Association said Monday that the "internet industry remains committed to restoring net neutrality protections through the courts, legislation, and administrative action". Additionally, 22 states' and Washington DC's attorneys general have filed a lawsuit alongside almost a dozen other groups, challenging the FCC decision. "Plain and simple, thanks to the FCC's rollback of Net Neutrality, Internet providers have the legal green light, the technical ability, and business incentive to discriminate and manipulate what we see, read, and learn online".