The objective of the net neutrality rules has been primarily to stop discrimination from internet service providers (ISPs) against both large and small websites based on the type of content they serve.
In the days of net neutrality, internet service providers were not allowed to block access to any website - unless that website was in breach of the law.
Net neutrality was repealed a year ago under an order called the "Restoring Internet Freedom" order.
A spokeswoman for the FCC previously directed CNNMoney to a section of the final order for net neutrality, in which the FCC asserts authority to prevent states from pursuing laws inconsistent with the net neutrality repeal. The FCC also eliminated a rule barring providers from prioritizing their own content.
The net neutrality rules were approved in 2015. That means there is nothing legally stopping a broadband provider from selling faster service at a premium or slowing some content.
Without net neutrality, internet providers may pursue similar offers more aggressively.
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The brand new studio is called The Initiative and is being led by Darrell Gallagher, who previously headed up Crystal Dynamics. Microsoft launched the Xbox One in November 2013 under a cloud of policy reversals and confused messaging.
"The internet should be an open platform where you are free to go where you want, and say and do what you want, without having to ask anyone's permission", Pai said.
Supporters of net neutrality say killing the protections lets ISPs charge more and limit online access.
Although the FCC's repeal takes effect Monday, it's not the end of the road for net neutrality.
Greer predicts that ISPs will first create packages that seem favorable to consumers, such as providing one of their own services for free while tacking on a fee for a rival service.
Today marks the official end to the FCC Net Neutrality rules.
To restore the net neutrality rules, the House would have to vote in line with the Senate, and President Donald Trump would also have to sign the measure. But what's more likely to occur are subtle changes to your Internet experience that you may or may not notice. The Senate last month passed a Congressional Review Act measure 52-47 aiming to overturn the 2017 measure (the CRA is a quick way to overturn newly-passed regulations within 60 legislative days of passage).
"The gutting of net neutrality is a symbol of our broken democracy", Fight for the Future Deputy Director Evan Greer said in a statement. "But it has sparked an unprecedented backlash from across the political spectrum, and Internet users are coming out of the woodwork to fight tooth and nail in Congress, in the courts, and at the local and state level". At least 29 states have introduced more than 65 bills aimed at protecting net neutrality and seven states - Hawaii, New Jersey, New York, Montana, Rhode Island, Oregon and Vermont - enacted executive orders that made it illegal for state agencies to enter contracts with ISPs that don't uphold net neutrality.