US Chamber, Comcast oppose plan to reinstate net neutrality

WASHINGTON (Reuters) – The U.S. Chamber of Commerce and Comcast Corp (NASDAQ:) said Thursday they sharply oppose the Federal Communications Commission’s proposal to reinstate landmark net neutrality rules.

The FCC in November voted to advance a proposal to assume new regulatory oversight over broadband internet rescinded under former President Donald Trump.

The Chamber called the plan “unlawful and unwise,” and argued it “will have significant negative impacts on investment, innovation, and unserved and underserved consumers.” Comcast said in a filing with the commission “there is no broadband market failure to justify the sweeping government takeover proposed here.”