The Federal Communications Commission voted on Thursday to dismantle landmark rules regulating the businesses that connect consumers to the internet, granting broadband companies power to potentially reshape Americans' online experiences. The agency scrapped so-called net neutrality regulations that prohibited broadband providers from blocking websites or charging for higher-quality service or certain content. The federal government will also no longer regulate high-speed internet delivery as if it were a utility, like phone services. From a report: Under the leadership of Chairman Ajit Pai -- and with only the backing of the agency's Republican members -- the repeal newly frees telecom companies from federal regulation, unravels a signature accomplishment of the Obama administration and shifts the responsibility of overseeing the web to another federal agency that some critics see as too weak to be effective. In practice, it means the U.S. government no longer will have rules on its books that require internet providers to treat all web traffic equally. The likes of AT&T and Verizon will be limited in some ways -- they can face penalties if they try to undermine their rivals, for example -- but they won't be subject to preemptive, bright-line restrictions on how they manage their networks. Meanwhile, the FCC's repeal will open the door for broadband providers to charge third parties, like tech giants, for faster delivery of their web content.