The internet is a functioning thriving ecosystem that works with the current very light regulation regime, and it has been for decades.
How about this: when the telcoms get around to screwing the consumers by throttling their youtube and netflix (yes ignoring that one incident) then we can all march on Washington and demand a law.
Right now we are trying to legislate a problem that doesn't exist, and the unintended consequences might be disastrous.
If it ain't broke, don't write a law to fix it. Laws tend to benefit those that lobby for them more than they help everyday voters.