Investors Urge FCC to Protect Net Neutrality
A group of investment firms and foundations with widely-diversified investment portfolios today called upon the Federal Communications Commission (FCC) to adopt network neutrality rules that would protect an open Internet. They recommended reclassification of broadband Internet service under Title II of the Communications Act, giving the FCC clear regulatory authority over the Internet network infrastructure that serves millions of individuals, entrepreneurs and established businesses throughout the U.S.
Network neutrality is the principle that all Internet content and applications should be treated equally regardless of the source. It prohibits blocking and discrimination and bars Internet service providers from offering paid priority “fast lanes” for some content.
“We believe open Internet policies help drive the economy, encourage innovation and reward investors,” the group said. The FCC filing highlighted the importance of network neutrality rules for start-up and technology companies as well as small and medium-sized businesses and companies that address critical needs such as healthcare, education and banking.