Report: FCC will formalize net neutrality rule

The U.S. Federal Communications Commission is planning to create formal rules against Internet providers selectively blocking or slowing traffic, according to a report in The Wall Street Journal.

FCC Chairman Julius Genachowski will announce net neutrality rulemaking during a speech Monday, the Journal reported. Net neutrality rules would prohibit Internet providers from blocking or slowing their customers’ access to Web sites or Web applications. A FCC spokeswoman did not immediately return a message seeking confirmation of the Journal story.

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