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The Federal Communications Commission today approved a plan to start scaling back Obama-era net neutrality rules.

The agency's Republican commissioners approved the measure 2-1, overriding resistance from the panel's single Democrat.

The rewrite would invalidate the current rules' overreach, and help drive investment in broadband, which Internet providers contend has suffered, FCC Chairman Ajit Pai said.

"We will not rely on hyperbolic statements about the end of the Internet as we know it, and 140-character argle-bargle, but rather on the data," Pai added.

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