According to the bill's author, Illinois Republican Rep. Adam Kinzinger, and his allies, potential rate regulation "creates significant uncertainty for ISPs" and "discourages investment and unique pricing structures or service plans." As the EFF notes, though, the bill would also keep the FCC from protecting consumers against paid prioritization, throttling and data caps, among many other things.

It would also strip the commission of its powers to prevent ISPs from making certain services free. Remember when the FCC summoned Comcast, AT&T and T-Mobile to explain their data exemption schemes that benefit their own services? The agency wouldn't be able to do that anymore. In the White House's words, it "would restrict the FCC's ability to take enforcement actions to protect consumers on issues where the FCC has received numerous consumer complaints."

The EFF has a portal you can access to look up your state representative's phone number if you want to know their stance, and if you want them to know yours. President Obama's stepping down in January, and you might need to make your voice heard if you feel strongly about this issue to help sway the next commander-in-chief.

You can read the White House's full statement below: