Net Neutrality Update
FCC Chairman Wheeler yesterday proposed new rules for net neutrality that, if approved, will reclassify the Internet as a telecommunication service. This will allow the FCC to regulate under the 1934 Communications Act which covers all public utilities including telephones. The change will give the FCC regulatory authority over both wired and wireless services Passage will likely ensure that providers do not create fast and slow lanes on the Internet. A vote is scheduled for February 26th and passage is considered likely due to a majority of members favoring passage and support from President Obama.