Privacy is also cornerstone of the bill. While the law dropped a measure that would have forced internet companies to store data in Brazil, it's limiting the reach of metadata -- the country wants to avoid the surveillance controversies it saw in the US. International companies will still be subject to local laws whenever there's a case involving Brazilians' data, although a safe harbor provision will protect telecoms from liability for whatever their users do.

The legislation isn't a perfect match for what open internet advocates want. It protects free speech, but providers will still have to take down content if a court deems it offensive. However, it ticks a lot of familiar checkboxes. It also stands in sharp contrast to the US, which may be drifting away from a neutral internet and is still grappling with surveillance collection reforms.

[Image credit: Associated Press]