The Federal Communications Commission voted 2-1 on Thursday to begin the process of revoking its 2015 net neutrality rules. Under the proposal, the agency would eliminate the legal underpinnings of the rules, which prohibit Internet service providers like Comcast (CMCSA, +1.88%) and Verizon (VZ, +1.45%)from blocking, slowing or otherwise discriminating against web sites like Google's (GOOGL, +1.02%) YoutTube and online services like Netflix (NFLX, +1.70%). Chairman Ajit Pai's plan would also eliminate the ability of the FCC to investigate ISPs general conduct in the area but did not specify how, or even whether, the agency should continue to enforce the main principles against blocking and slowing content.What changes immediately with the vote?
Thursday's move was just to issue a proposal for public comment, a initial stage required in FCC rule making. So as of Thursday, the agency's 2015 rules still apply and small web sites, new Internet services, and other innovators remain protected. On the other hand, ISPs say they are constrained by the 2015 rules from investing in their networks and offering innovative services of their own.What happens next? Read Complete Article