I think it's common knowledge that anything the federal government manages becomes bloated, dysfunctional, and generally useless, kind of like the Post Office.
From Save The Internet:
"Net Neutrality has been part of the Internet since its inception. Pioneers like Vinton Cerf and Sir Tim Berners-Lee, the inventor of the World Wide Web, always intended the Internet to be a neutral network. And "non-discrimination" provisions like Net Neutrality have governed the nation's communications networks since the 1930s.
But as a consequence of a 2005 decision by the Federal Communications Commission, Net Neutrality — the foundation of the free and open Internet — was put in jeopardy. Now cable and phone company lobbyists are pushing to block legislation that would reinstate Net Neutrality.
Writing Net Neutrality into law would preserve the freedoms we currently enjoy on the Internet. For all their talk about "deregulation," the cable and telephone giants don't want real competition. They want special rules written in their favor."