Sounds suspiciously similar to Directive 10-281 and our illustrious President is backing it through what is known as "Net Neutrality".
Do phrases like "All the traffic has to be treated equally" and "The Internet has to stay open for everybody" sound at all familiar? They're basically saying that everyone should get the same Internet speeds, regardless of what they pay...businesses and commercial users be damned!
Lastly, the phrase "Access to the Internet has to be one of those basic rights" just irritates the Hell out of me.