Back in April we reported on New York Representative Eric Massa's outrage at Time Warner Cable's attempts to make metered broadband a reality, in which the internet service provider would launch itself into the sweet spot of effectively raising customer prices significantly for the same service. With help from the Free Press consumer advocacy firm and Phillip Dampier, founder of the Stop the Cap blog, Massa made public the proposed legislation (available here in PDF format), which includes the following major points:

• Requires internet service providers (ISPs) to submit plans to the Federal Trade Commission (FTC), in consultation with the FCC if they plan to move to a usage-based plan
• Prohibits volume usage plans if the FTC determines that these plans are imposing rates, terms, and conditions that are unreasonable or discriminatory
• Sets up public hearings for plans submitted to the FTC for public review and input;
• Only affects internet providers with 2 million or more subscribers
• Imposes penalties for broadband ISPs that ignore these rules

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