Empirically imposing federal regulations upon our chunk of the Internet will only serve to stifle innovation and economic growth. This fundamentally is a free market issue which time and time again teaches us that politicians, experts and special interests do not serve the interests of the people as well as the invisible hand of the free market. For a brilliant example of this check out the economics discussion "Bootleggers and Bandits" at EconTalk.com from George Mason U.