Breaking down #FCCNetNeutrality

The U.S. Federal Communications Commission has voted to move forward with a proposal that could create Internet "fast lanes." Now the FCC will collect public comments on the new rules for net neutrality.

There have long been concerns that the rules would undermine an open Internet where all content is treated equally, and instead allow companies to pay for priority access.

A Twitter chat earlier this week reveals that the FCC is concerned about protecting an open Internet and is considering all options.

FCC Chairman Tom Wheeler tweeted, "Title II is a viable option we’re considering. We are listening and welcome continued discussion. #FCCNetNeutrality"

That's a reference to Title II of the Communications Act. Currently, broadband Internet is not bound by those common-carrier regulations.

Our regular tech contributor Nick Thompson, editor of the NewYorker.com, points out that there are two ways to for the FCC to safeguard net neutrality: pass new rules that could get bogged down in court, or reclassify Internet providers as public utilities under Title II.

Click on to hear Nick break down the issues at stake and the options for the FCC.