We pay for a minimum amount of service, i.e. 10mps.
If you can reach any other IP address at that 10mps, than your "right" to receive the product you paid for is intact.
On the other hand, if your carrier arbitrarily limits your access, you can take recourse and demand a refund or better service
Unless Gov oversight is restricted to a clearly defined set of rules, unelected bureaucrats will be free to interpret based on politics and and lobbying.
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