The FCC chair talked about how there was very loose regulation of the Internet back in 1996 during the Clinton Administration. And this should be a model for regulation of the ISPs going forward.
Except that the world was quite different in 1996. You actually had a lot of competition with ISPs, because most people were doing dialup. If I didn't like AOL, I could just switch to Prodigy (yes, I know), or one of the local ISPs. That was easy.
People like me can and did switch ISPs on a regular basis. In my case, looking for a reliable Net News feed.
Compared to today, where there is only one (or if you are lucky) two ISPs for the area. You don't have a choice, so these ISPs are defacto monopolies.
The reasons given for repeal are just wrong, and this is a transparent attempt by the big ISPs to make more money, without benefit to the average citizen or even the other Internet companies which made the Internet awesome to begin with.