FCC to draft new net neutrality rules, won't appeal Verizon case

|About: Verizon Communications (VZ)|By:, SA News Editor

The FCC says it will draft new net neutrality rules, but won't appeal a January appeals court ruling in Verizon's (VZ -0.2%) favor that struck down existing rules.

Chairman Tom Wheeler has previously stated he supports neutrality rules that prevent the blocking/limiting of services, but has also suggested service providers such as Netflix (NFLX -0.4%) could pay ISPs extra to improve service quality.

The White House recently issued a statement backing neutrality principles, while leaving the matter to the FCC to handle.

The ruling comes as many U.S. Netflix subs see declining streaming speeds due to disputes with ISPs over network peering payments (not covered by past neutrality rules). Google, Facebook, Microsoft, and others are already making peering payments.