Canada markets closed
  • S&P/TSX

    18,444.22
    +2.42 (+0.01%)
     
  • S&P 500

    3,585.62
    -54.85 (-1.51%)
     
  • DOW

    28,725.51
    -500.09 (-1.71%)
     
  • CAD/USD

    0.7238
    -0.0072 (-0.99%)
     
  • CRUDE OIL

    79.74
    +0.25 (+0.31%)
     
  • BTC-CAD

    26,471.46
    -325.48 (-1.21%)
     
  • CMC Crypto 200

    443.49
    +0.06 (+0.01%)
     
  • GOLD FUTURES

    1,668.30
    -3.70 (-0.22%)
     
  • RUSSELL 2000

    1,664.72
    -10.21 (-0.61%)
     
  • 10-Yr Bond

    3.8040
    +0.0570 (+1.52%)
     
  • NASDAQ

    10,575.62
    -161.88 (-1.51%)
     
  • VOLATILITY

    31.62
    -0.22 (-0.69%)
     
  • FTSE

    6,893.81
    +12.22 (+0.18%)
     
  • NIKKEI 225

    25,937.21
    -484.89 (-1.84%)
     
  • CAD/EUR

    0.7381
    -0.0061 (-0.82%)
     

U.S. Senate Democrats plan bill aiming to restore 'net neutrality'

·2 min read

WASHINGTON (Reuters) - Two U.S. Senate Democrats active in internet issues are working on a bill to restore landmark "net neutrality" rules that would bar telecommunications companies from blocking or throttling traffic or offering paid fast lanes.

Senators Edward Markey and Ron Wyden plan to introduce a bill this summer that would put broadband under the umbrella of a telecommunications service, which means that providers would be subject to stricter Federal Communications Commision (FCC) oversight, a source briefed on the matter told Reuters. Representative Doris Matsui is working on a companion House version.

Markey's office in a statement said "it is more clear than ever that broadband internet is an essential utility" and the FCC's "authority should reflect that, so it can fulfill its obligations to the public by reinstating net neutrality rules."

The Washington Post was first to report the potential bill.

Telecommunications companies, who are also major internet providers, have been battling net neutrality efforts for more than a decade, while major technology firms like Alphabet's Inc Google and Meta's Facebook strongly back net neutrality protections.

The FCC under former President Barack Obama adopted net neutrality rules in 2015. They were overturned in 2017 by the FCC under former President Donald Trump. California's legislature responded by adopting a state law requiring net neutrality in August 2018, which was on hold pending lawsuits.

The U.S. broadband industry ended its legal challenge to California's net neutrality law in May, with a group of industry associations that represents major internet providers such as AT&T Inc, Verizon Communications and Comcast Corp dismissing their 2018 legal challenge.

The FCC remains divided 2-2 because Joe Biden's nominee for the final commission seat, Gigi Sohn, has not been approved and faces an uncertain path to confirmation.

Supporters of net neutrality rules argue that the protections ensure a free and open internet. Broadband groups contend that the rules' legal basis from the pre-internet era is outdated and discourages investment.

(Reporting by David Shepardson; Writing by Diane Bartz; Editing by Mark Porter)