But in 2015, the FCC decided to treat the Internet like a public utility, taking away the FTC’s ability to police the privacy practices of broadband providers.
The decision to treat it like a public utility had almost nothing to do with privacy or "policing the privacy practices of broadband providers" and almost everything to do with rekindling the war on Net Neutrality.[1].
This move -- like pretty much everything else this administration is doing -- was done to appease and strengthen oligopoly power. It will ultimately hurt small upstarts in the "ISP /broadband delivery" category[2] (who vehemently opposed the stripping of this legislation), and it will make it orders of magnitude harder for small upstarts whose business may only benefit or scale with "neutral" access to the internet.
In oligopoly situations there are few, if any, choices available to switch to when said provider oversteps is bounds and decides to just start charging everybody more based on the kind of traffic they request... "because it can". Everything to do with everything on the Internet is going to get astoundingly more expensive very soon.
Pai does not understand small business. And it's worth noting that this is probably because he worked for Verizon as an attorney. Though despite his government appointment, he does not seem to have switched his mindset away from that to the best interests of the American people in mind with his policy agendas.
[1] [https://www.techdirt.com/blog/netneutrality/articles/2015021... [2] http://bgr.com/2017/04/03/twc-charter-merger-fcc-rules-ajit-...]