It was put in place by the Obama Administration but President Trump made a decision to scrap the rule in December.
Pai says Internet service will become cheaper and faster with the rules now gone.
"Those "fast lanes" will put those who won't or can not pay in the slow lane, making the internet look a lot like cable TV", Gigi Sohn, a counselor to former FCC chairman Tom Wheeler and a staunch supporter of net neutrality, told CNNMoney. There was also concern that without net neutrality rules in place, broadband providers could create tiered packages similar to cable TV.
The FCC's new rules require ISPs to publicly disclose how they manage traffic, but they charge the Federal Trade Commission with handling complaints should they arise. Consumer advocates are concerned that internet providers plan to extend prioritization to the internet. In other words, net neutrality is dead, folks. FCC chairman Ajit Pai joins "CBS This Morning" to discuss why he thinks the rollback is "tremendously positive" for consumers.
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Any changes now, while the spotlight is on net neutrality, could lead to a public relations backlash.
In a press release Monday, the FCC said the repeal does away with "unnecessary, heavy-handed regulations" and replaces them with "common-sense regulations that will promote investment and broadband deployment".
"By refusing to bring up the Senate-passed resolution to restore net neutrality, which passed the Senate by a powerful bipartisan vote, House Republican leaders gave a green light to the big ISPs to charge middle-class Americans, small business owners, schools, rural Americans, and communities of color more to use the internet", Schumer said. Many Democrats say the issue will help motivate younger people to vote in congressional elections this November, when all 435 seats in the House and a third of the 100-member Senate will be up for grabs.
Pai argues that net neutrality was part of the FCC's regulatory overreach during the Obama administration. Lawsuits and "mass online actions" will slow the pace of any changes as companies will want to see how it all plays out. Those Obama-era rules prevented ISPs from blocking or slowing legal traffic, or from being paid for prioritized, faster delivery. With the June 11 date approaching, several senators asked House Speaker Paul Ryan to schedule a vote on the issue. But what's more likely to occur are subtle changes to your Internet experience that you may or may not notice. Even some technology companies joined the fight to preserve net neutrality, including Mozilla and Vimeo.