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> What, then, is the impetus for restoring the net neutrality rules, given there is always some political cost to any action like this? Has the lack of net neutrality caused issues that I just have not heard about?

The rule was always going to get reversed eventually. Several major factions within the Democratic party are strong supporters of net neutrality and they've become increasingly more powerful over the last two decades, at the expense of its detractors like the media conglomerates and ISPs.

It only took this long because of the Administrative Procedure Act [1] which regulates how agencies make rules. They can't just flip flop the second a new political party gains power because of judicial review - they have to follow a process (though they probably also timed this for an election year).

[1] https://en.wikipedia.org/wiki/Administrative_Procedure_Act




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