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AP Explains: What is net neutrality and why does it matter?

This June 19, 2015, file photo, shows the entrance to the Federal Communications Commission (FCC) building in Washington. "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. Federal Communications Commission Chairman Ajit Pai, a Republican, on Tuesday, Dec. 12, 2017, unveiled a plan to undo the Obama-era rules that have been in place since 2015. (AP Photo/Andrew Harnik, File)
This June 19, 2015, file photo, shows the entrance to the Federal Communications Commission (FCC) building in Washington. "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. Federal Communications Commission Chairman Ajit Pai, a Republican, on Tuesday, Dec. 12, 2017, unveiled a plan to undo the Obama-era rules that have been in place since 2015. (AP Photo/Andrew Harnik, File) This June 19, 2015, file photo, shows the entrance to the Federal Communications Commission (FCC) building in Washington. "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. Federal Communications Commission Chairman Ajit Pai, a Republican, on Tuesday, Dec. 12, 2017, unveiled a plan to undo the Obama-era rules that have been in place since 2015. (AP Photo/Andrew Harnik, File)

NEW YORK (AP) – “Net neutrality” regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. On Thursday, the Federal Communications Commission plans to vote on a proposal that would not only undo the Obama-era rules that have been in place since 2015, but will forbid states to put anything similar in place.

Here’s a look at what the developments mean for consumers and companies.

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WHAT IS NET NEUTRALITY?

Net neutrality is the principle that internet providers treat all web traffic equally, and it’s pretty much how the internet has worked since its creation. But regulators, consumer advocates and internet companies were concerned about what broadband companies could do with their power as the pathway to the internet – blocking or slowing down apps that rival their own services, for example.