According to The Wall Street Journal, Wheel's new draft would include language that the FCC would scrutinize any "paid prioritization" deals. The scrutiny would make sure that broadband providers don't put company that don't pay for faster connections at a disadvantage, and prevent ISPs from making deals with varying terms.
Wheeler's proposed new language would also look for comments on whether broadband should be regulated as a public utility.
Netflix recently made deals with Comcast (CMCSA) and Verizon (VZ) to ensure customers who use those ISPs get the fastest speeds available when using the service. Netflix CEO Reed Hastings has been vocal in his support for net neutrality rules that prevent ISPs from creating paid "fast lanes."
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TheStreet Ratings team rates NETFLIX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETFLIX INC (NFLX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."