Read the draft text of FCC's proposal to repeal net neutrality

FCC Chairman Ajit Pai has released the draft text of his proposal to repeal Obama-era net neutrality rules.

The bottom line: The plan, which the agency will vote on next month, will allow internet service providers like AT&T, Verizon and Comcast to charge consumers different rates for accessing different types of content or allow websites pay more to reach consumers faster than their competitors. The proposal requires internet providers to disclose their practices to consumers and allows for government oversight. Read the full draft below, which includes a fact sheet produced by the FCC: