Next month the Federal Communications Commision will hold a vote to repeal Obama-era internet service provider (ISP) regulations.
This means ISPs will be able to provide internet fast lanes for content creators and consumers if they pay for it.
The FCC says the current laws micromanage companies like Verizon, Comcast, and AT&T and stifles innovation.
In a Declaratory Ruling Report, the FCC stated that “For decades, Commission policies encouraged broadband deployment and the development of the Internet. That ended two years ago. In 2015, the commission imposed heavy-handed, utility-style regulation on Internet service providers (ISPs). Since then, broadband investment has fallen for two years in a row—the first time that that’s happened outside a recession in the Internet era. And new services have been delayed or scuttled by a regulatory environment that stifles innovation.”
However, opponents of the law claim startup websites and new entrepreneurs with less cash on hand will have a hard time affording faster internet speeds while companies like Netflix, who have a greater ability to “pay-for-play,” will essentially dominate.
Listen to the podcast to hear Magid summarize the FCC’s latest proposal and apply it to the lives of everyday consumers. You can also read what the pros and cons of the law here.