Incumbent providers of broadband Internet services are applauding a report issued Wednesday by the Federal Trade Commission’s (FTC) Internet Task Force, warning against the imposition of net neutrality regulations on grounds that there is no evidence of market failure or harm to consumers caused by the conduct of broadband network operators. The FTC report, entitled Broadband Connectivity Competition Policy, is based on workshops conducted by the FTC in February, discussions between task force members and interested parties, and FTC staff research. Concluding that the effects of potential conduct by broadband providers on consumer welfare is “indeterminate,” the report cautions that, “no regulation, however well-intended, is cost-free, and it may be particularly difficult to avoid unintended consequences here, where the conduct at which regulation would be directed largely has not yet occurred.” In support of its claim that net neutrality rules are currently unnecessary, the report cites growth in consumer demand for broadband services, the proliferation of new market entrants, improvements in broadband access speeds and falling prices as proof that the broadband market is competitive. FTC Chairwoman Deborah Platt Majoras, in comments about the report, proclaimed that “policy makers should be wary of enacting regulation solely to prevent prospective harm to consumer welfare.” Welcoming the report’s findings, Verizon Communications Vice President Thomas Tauke noted that “proposals to impose new regulation actually threaten further advancements in broadband Internet connections.” Although Steve Largent, the president of wireless association CTIA, praised the report as one that “clearly depicts the Internet regulation plot as a solution in search of a problem,” the Open Internet Coalition—a supporter of net neutrality regulation—warned: “if policy makers wait until widespread discrimination occurs, it will be extremely difficult for Washington to put the new revenue genie of content discrimination back in the bottle.”