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Report: FCC chairman plans to repeal net neutrality rules

FCC Chairman Ajit Pai is working out a plan to repeal the agency's net neutrality rules, The Wall Street Journal reported April 6, citing sources with knowledge of the matter.

Pai reportedly discussed the preliminary plan in a meeting in the week of April 3 and is expected to make it public as soon as this month. Under the new plan, the U.S. Federal Trade Commission is again expected to have oversight to ensure compliance, while broadband providers would reportedly be required to voluntarily follow the net neutrality principles.

The current net neutrality rules that barred broadband providers from selling faster internet connections to certain services were reportedly criticized for being a regulatory overreach of the FCC's rules.

The new plan could be adopted at the agency's monthly meeting in May or June, a source reportedly said.