Read the full speech on the FCC’s very familiarly styled new site, OpenInternet.gov.

Basically, two rules so far, with the implementation details to be meted out in the coming months via an open process.

1) Broadband providers of any kind can’t discriminate against content or applications.

2) Broadband providers must be transparent about their network management policies.

Look in the coming months for every major ISP to somehow try to wriggle out of these rules by claiming they are somehow not broadband providers. They will also start beating the drum that this is “government interference” in the freedom of the Internet, when in fact it’s the opposite. It’s a cementing of principles that have long been held on the Internet, even to the point of taking them for granted. As the chairman consciously points out in the speech, these conventions have been the norm for the Internet since its inception, and these rules are only a defense against the acts of large, greedy ISPs who would seek to fuck it all up.

Read the entire speech. This is really the best possible statement the FCC could have given.