This makes me nervous, I'd much rather the government stay out of the internet. Legislation is painfully slow to both make and unmake, and legislators will almost certainly be out of touch with the technology and there is a real risk of a restricted, heavily regulated internet which is far worse than what we have today. Not to mention that such a classification opens up ISPs to equal time laws, where the government decides who is or is not a candidate and forces telecom companies to play equal ad time for all candidates. Here's a great example of how this law would have already broken down: how many Republican candidates were there last election? Would you have wanted your ISP to be responsible for shoving political ads down your throat? How could you even enforce equal time laws on ISPs?
Net neutrality is a power grab by the U.S. government, and the propaganda has been well executed IMO; but I really hope that we will leave the internet to the markets. I dont trust our government to make something as enormous and complex as the internet any better, and it's been going quite well so far.