FCC will seek heavier regulation of the Internet

“There’s a cop on the beat, but we’re not going to tell you what’s illegal yet,” the person said.

Wheeler’s approach falls in line with President Obama’s firm stand in November that the Internet should be more heavily regulated to ensure it stays open and independent.

The FCC has tried — and failed — to regulate this kind of behavior before. Federal courts have blocked the agency, saying that it overstepped its authority. Wheeler’s approach is a workaround: Reclassifying Internet providers scoops them up under the FCC’s purview.

Related: Netflix blasts Internet providers: ‘Consumers deserve better’

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.

CNN Money