A Republican dominated sub-committee killed an telecommunications law amendment that would prevent the big telcos from giving some internet traffic preferential treatment.
In a 23-8 vote, the subcommittee defeated an amendment proposed by Rep. Ed Markey (D-MA) that would have enshrined the principle of network neutrality into US law. Such legislation would have prevented telcos and other ISPs from selectively throttling or passing through IP traffic on their networks. In a statement (QuickTime) read before the committee, Rep. Markey said that the bill as written would "fundamentally alter the Internet" and that it would preventing the FCC from translating its policy against Broadband Internet Transmission Services providers hindering "lawful content" into "something it could effectively enforce."
Ar Technica article