"Going forward, we can not stick with regulations from the Great Depression meant to micromanage Ma Bell", Mr. Pai said in prepared remarks.
Pai has already ended those investigations, but he said, "We shouldn't leave the Internet conduct standard on the books for a future Commission to make mischief".
U.S. Sen. Ed Markey, D-Massachusetts, said Wednesday that he will fight back against Trump administration efforts to "gut" FCC net neutrality rules, which prevent a handful of powerful internet service providers from slowing down certain companies' online traffic.
Pai announced that instead of unilaterally stripping the FCC of its power to regulate the internet as a utility, he is opting for a transparent rule-making process so the people can "weigh in".
Despite Pai's statement that the rules spurred a drop in capital investment, others have said that broadband investment has grown in the last two years.
But Pai argued in his speech that the net neutrality rules have discouraged investment in broadband infrastructure and cost thousands of jobs. "The announcement is outrageous because the FCC's 2015 Open Internet Order, classifying internet provision under Title II, is a commonsense measure to safeguard the open internet that so many depend on and that has been upheld by the courts".
The net neutrality rules gave the FCC power to go after companies for business practices that weren't explicitly banned as well. The last attempt - after months of heated public debate - did gain full support from a USA appeals court in June 2016.
One way to delay the rollback would be for FCC commissioner Mignon Clyburn not to vote such a proposal, which would deny the Republicans the quorum they needed to proceed, but neither Markey nor Blumenthal, who weighed in, said they would advise Clyburn to take such action, or inaction as it were, saying that was up to her. Markey did say he would talk to Clyburn, who is the only remaining commissioner who voted for the Open Internet order.
All this means the FCC is beginning a new phase of one of its hottest, longest-running debates: How should the government regulate Internet service providers to ensure that they don't act as gatekeepers to Americans' equal and fair access to websites and Web services?
Democratic lawmakers said Pai is gutting measures that protect the open Internet, and vowed to resist. "But those heights have been threatened by federal regulations that set a unsafe precedent by focusing on controlling the internet rather than protecting consumers". But policy analysts say that would be a high-risk, high-reward strategy that could quickly run into legal challenges from supporters of net neutrality desperate to preserve the existing rules. "Consumers pay for access to the entire internet free from blocking, throttling, or paid prioritization".
A top United States regulatory official on Wednesday unveiled plans to roll back so-called "net neutrality" rules that require broadband firms to treat all online traffic equally.
Net neutrality protest in 2014. Critics say competition will discipline broadband providers, and the rules discourage investment while exposing companies to a threat of heavier regulation including pricing mandates.
The final plan will be voted on by the FCC at a meeting on May 18th.
The chairman said the commission is also seeking comment on how to approach "the so-called bright-line rules adopted in 2015".
But Pai's idea to rely on corporate promises is too weak to be effective by itself, according to Mignon Clyburn, the FCC's lone Democrat, and Terrell McSweeny, the top Democrat at the Federal Trade Commission.