Basically, this means that the government wouldn’t allow Internet Service Providers (ISPs) to throttle the speed of the Internet according to paid speed tiers. These tiers would effectively create several lanes of Internet traffic, with those who pay a premium enjoying a faster speed of information delivery to customers.
The FCC chairman, Tom Wheeler, published an op-ed in Wired that explained his professional reasoning for these regulations and committed to maintaining an open internet for the entire nation:
The internet must be fast, fair and open. That is the message I’ve heard from consumers and innovators across this nation. That is the principle that has enabled the internet to become an unprecedented platform for innovation and human expression. And that is the lesson I learned heading a tech startup at the dawn of the internet age. The proposal I present to the commission will ensure the internet remains open, now and in the future, for all Americans.