Congress seen taking apart FCC's net neutrality rules

Even as the FCC momentarily basks in its handling of the Comcast (Nasdaq: CMCSA)-NBC Universal merger, Congress is rolling up a wrecking ball to tear down the net neutrality regulation it installed late last year.

Tennessee Congresswoman Marsha Blackburn, whose life work these days seems to be all about destroying net neutrality is driving the heavy machinery and believes a majority of her elected colleagues will jump on board to smash the FCC's nascent rules.

"Let's not pretend they (rules) were put in place to address any market failure or to address any widespread ... consumer disadvantage," Blackburn said at the tellingly named Congressional Internet Caucus' State of the ‘Net conference. "They are the first of many regulations to come. And as the rules are revised and revised, they create instability, unpredictability and an honest-to-goodness deterring role to investment."

Blackburn has introduced a bill that prohibits the FCC from regulating the Internet.

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