The US Federal Communications Commission voted to reinstate net neutrality regulations, reversing the 2017 decision under the Trump administration. Net neutrality rules prevent internet service providers like Comcast and Verizon from prioritizing some internet traffic over others. The new rules will again prohibit ISPs from charging users extra fees for prioritized access to content or blocking/slowing specific websites and apps. The FCC had previously ruled it had authority over broadband as an information service but courts found it lacked mandate to impose anti-discrimination rules on ISPs.
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00:00 It's Benzinga and here's what's on the block.
00:02 The US Federal Communications Commission voted to reinstate net neutrality regulations,
00:07 reversing the 2017 decision under the Trump administration.
00:10 Net neutrality rules prevent internet service providers like Comcast and Verizon from prioritizing
00:15 some internet traffic over others.
00:17 The new rules will again prohibit ISPs from charging users extra fees for prioritized
00:22 access to content or blocking and slowing specific websites and apps.
00:26 The FCC had previously ruled it had authority over broadband as an information service,
00:31 but courts found it lacked mandate to impose anti-discrimination rules on ISPs.
00:36 Reinstating net neutrality aims to restore open access to the internet and prevent ISPs
00:40 from stratifying traffic through paid prioritization.
00:43 For all things money, visit Benzinga.com.
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