If the FCC decides it shouldn’t regulate, it gives states the rights to regulate.
I've seen this repeated a lot here. It's
NOT what the FCC says. The FCC says it has the exclusive right to regulate American internet companies, and doubles down on this by expressly forbidding states from applying net neutrality rules.
Except that Verizon sued, and won, when the FCC tried to previously do that without Title II. And the FCC took Title II back off the table with this order, so based on the Verizon suit can no longer regulate or deregulate Net Neutrality.
The ruling at the time was that ISPs were not common carriers, and thus exempt from NN rules.
The FCC under Wheeler then classified ISPs as common carriers, thus eliminating the exemption.
The FCC under Pai removed the classification.
This clearly shows that the FCC does have the right to regulate ISPs. It currently chooses not to.