That wording is neither enactable by any federal body, nor enforceable by federal prosecutors, without a ton more detail.
And, its simpleminded application would prohibit services I'd actually like to buy. I would prefer an ISP which privileged web browsing and VOIP over BitTorrent and bulk email/video/software downloads. I would like it if traffic that attempts to compromise my privacy or exploit unpatched software on my home network was blocked by default.
In fact, I run a traffic-shaping router/firewall for these and other purposes, including preferencing my own traffic over that of neighbors and visitors who use my guest wifi node. Would that make me a net-neutrality-scofflaw? Oh, I hope so.
I have the technical acumen to do this myself, but if my ISP wants to implement similar policies the next few hops up, that also provides me with positive value. And of course most customers can't set this up for themselves, so they can only get positive value from having an expert -- like their ISP -- enact upstream preferencing and blocking for them.
Why make providing a service some people will prefer a federal crime?
We've made it almost 20 years without FCC rules to protect the internet. The internet is faster and freer each year, without any help from the FCC. (Thankfully, the FCC can keep busy fining broadcasters for dirty words.)
It is not true that "we must assume... vast powers of control" are about to spring some trap. We can wait until actual harms are demonstrated -- if ever. We can wait even further, until such harms persist after enough time for competitors to adapt, before freezing into federal law starry-eyed notions of how the network should work.
Network neutrality regulations: YAGNI.