Despite a huge amount of backlash, from Internet users and tech companies alike, the Federal Communications Commission (FCC) has elected to discuss a proposal that would minimize the importance of net neutrality. The new rules would introduce "fast lanes" to the Internet, giving Internet service providers (ISPs) the authority to negotiate preferential traffic (faster loading times, more traffic, etc) with content providers. The agency has emphasized that "commercially reasonable" terms will apply, but has been vague when it comes to defining what is commercially reasonable, and what doesn't fly.
Now that the motion has been approved, a period of public comment will begin and run for 120, divided into two phases. The first phase will run till July 27 and focus on initial comments from U.S. citizens, while the second phase (set to run till September 10) will address any feedback the public would have to comments made during the first phase. The public is encouraged to comment here (for short comments) or here (for longer text).