I'm copying and pasting what is actually going on, as a lot of people seem to be freaking out.
They are only repealing Obama era regulations that started in 2015, so basically the internet in the US is going back to what it was before 2015.
Title II / Common Carrier / "Net Neutrality" = internet becomes gov't utility = Obamanet = not good
FTC Regulation = no monopolies, no price-fixing, no unfair stuff = good
Open Internet Rules / Bright Line Rules = no throttling, no blocking, no paid-priority = very good
The reason Obama's 2015 Net Neutrality is bad isn't because it includes the Open Internet Rules (created in 2005), but because it includes the Title II Utility Classification of the internet. AND- get this- the Open Internet Rules are only included provisionally, UNDER Title II. This basically says "hey all ur free speech is only allowed if big gov't gets to turn the internet into its utility". Umm what? 2015 Net Neutrality was advertised as being equal to the Open Internet Rules, but Open Internet had already been an FCC policy since 2005. Obama pressured the FCC to repackage the 2010 Open Internet Order under a Title II Utility Classification of the internet.
No throttling. FCC release, p.83
Section 1 of the Sherman Act bars contracts, combinations, or conspiracies in restraint of trade, making anticompetitive arrangements illegal. If ISPs reached agreements to unfairly block, throttle, or discriminate against Internet conduct or applications, these agreements would be per seillegal under the antitrust laws.518
Obama attempted to create a safe space on the internet
TLDR:
If ISPs collectively conspire to paywall a content-provider, they are subject to FTC anti-trust penetration.
FCC is enforcing against throttling, censorship, restriction, etc. by invoking consumer protection and anti-trust laws (via FTC).
They are only repealing Obama era regulations that started in 2015, so basically the internet in the US is going back to what it was before 2015.
Title II / Common Carrier / "Net Neutrality" = internet becomes gov't utility = Obamanet = not good
FTC Regulation = no monopolies, no price-fixing, no unfair stuff = good
Open Internet Rules / Bright Line Rules = no throttling, no blocking, no paid-priority = very good
The reason Obama's 2015 Net Neutrality is bad isn't because it includes the Open Internet Rules (created in 2005), but because it includes the Title II Utility Classification of the internet. AND- get this- the Open Internet Rules are only included provisionally, UNDER Title II. This basically says "hey all ur free speech is only allowed if big gov't gets to turn the internet into its utility". Umm what? 2015 Net Neutrality was advertised as being equal to the Open Internet Rules, but Open Internet had already been an FCC policy since 2005. Obama pressured the FCC to repackage the 2010 Open Internet Order under a Title II Utility Classification of the internet.
No throttling. FCC release, p.83
Many of the largest ISPs (Comcast, AT&T, Verizon, Cox, Frontier, etc.) have committed in this proceeding not to block or throttle legal content.507 These commitments can be enforced by the FTC under Section 5, protecting consumers without imposing public-utility regulation on ISPs.508
The FTC’s unfair-and-deceptive-practices authority “prohibits companies from selling consumers one product or service but providing them something different,” which makes voluntary commitments enforceable.502 The FTC also requires the “disclos[ur]e [of] material information if not disclosing it would mislead the consumer,” so if an ISP “failed to disclose blocking, throttling, or other practices that would matter to a reasonable consumer, the FTC’s deception authority would apply.”
Section 1 of the Sherman Act bars contracts, combinations, or conspiracies in restraint of trade, making anticompetitive arrangements illegal. If ISPs reached agreements to unfairly block, throttle, or discriminate against Internet conduct or applications, these agreements would be per seillegal under the antitrust laws.518
If an ISP that also sells video services degrades the speed or quality of competing “Over the Top” video services (such as Netflix),526 that conduct could be challenged as anticompetitive foreclosure.
Obama attempted to create a safe space on the internet
We also conclude that the Commission should have been cautioned against reclassifying broadband Internet access service as a telecommunications service in 2015 because doing so involved “laying claim to extravagant statutory power over the national economy ..."
TLDR:
If ISPs collectively conspire to paywall a content-provider, they are subject to FTC anti-trust penetration.
FCC is enforcing against throttling, censorship, restriction, etc. by invoking consumer protection and anti-trust laws (via FTC).