We knew it would be coming soon. The FCC had their final meeting regarding the Net Neutrality debate. As the FCC Director Tom Wheeler shared in his proposal, the FCC will now classify the Internet under the Title II classification. This basically categorizes the Internet like a utility and allows the FCC to keep ISPs from blocking or slowing down traffic on wired and wireless networks. It also bans ISPs from charging content providers differently for any type of paid priority "fast lanes," even in the case of network congestion.
This classification will be applied to both wired and wireless broadband networks to prevent ISPs from favoring bits of data over each other. Here's a quote with a few more details regarding the resulting furor over the official announcement,
These new rules will be published in the Federal Register within the next few weeks.