This announcement may be an intentional excuse to give Biden a new progressive thing to do domestically (it's not new information.) Maybe I'm just hopeful. The administration seems (to me) to be trying to convert/retain the left-of-Democrats audience who only reluctantly turned out for him. They're going to need it.
edit: I'd love a net neutrality bill or order, but I'd prefer net neutrality + prison time for those responsible for the fraud.