Biden Plans Order To Restore Net Neutrality Rules – Axios By Investing.com

Dhirendra Tripathi

Investing.com – U.S. President Joe Biden plans to restore rules guaranteeing “Net Neutrality”, the website Axios reported on Friday.

Axios said the President plans to issue an executive order on Friday asking the Federal Communications Commission to make it easier to compare services and tariff plans of internet services providers in a pro-consumer step.

The White House wants internet service providers to offer a “broadband nutrition label” detailing their internet packages to give consumers more transparency when they are buying a service, as per the Axios report.

Net neutrality rules were eased under former President Donald Trump and former FCC Chairman Ajit Pai, in an effort to move away from ‘utility-style’ regulation of the infrastructure that powers the Internet. Trump’s reforms were supported by most broadband and content providers.

These rules are matters of big debate and controversy world over as they allow large companies to strike exclusive deals, allegedly at the cost of smaller rivals and consumers. The deals allow the companies to control the speed and quality of service being delivered.

Those supporting the easing of rules say that it helps in cross subsidizing the services and taking internet to the poor.

Some of the companies these rules will impact one way or the other include media and content providers like Disney (NYSE:DIS), Netflix (NASDAQ:NFLX) and Sony (NYSE:SONY) and mobile and broadband companies like AT&T (NYSE:T), Verizon (NYSE:VZ), T-Mobile (NASDAQ:TMUS), WideOpenWest (NYSE:WOW) and Cogeco Communications (TSX:CCA).