Here's a post from the Guerilla News Network that explains the proposals now pending in Congress:
In the federal government in Washington, the main legislation concerning the media in the United States – the Telecommunications Act – is being rewritten, and the fate of net neutrality (and perhaps the future of the internet) rests in the balance. Unfortunately, Net neutrality clauses have been struck out of the most recent draft of the Telecom Act.
GNN describes the proposals as ones that will relegate bloggers and other nonpaying net consumers to the "digital dirt road."
Doesn't sound good to me.