I mean, that is what Pai claims to be doing here: reducing regulatory burden on smaller ISPs so that more can compete.
"Monday, we are ending this flawed approach and allowing smaller internet service providers to focus their efforts on deploying more broadband, connecting more Americans with digital opportunity, and offering more competition in the marketplace." [1]
[1]: https://www.cnet.com/news/fcc-chairman-our-job-is-to-protect...