As we all know, Net Neutrality was killed because ISPs are not willing to invest in improving bandwidth, and would rather optimize the traffic for those that pay (not based on actual customer usage). But, if the Fed resumed control of the Internet backbones, would the fed do any better, or would they use their law writing ability to restrict internet usage to try to keep us with in the bandwidth limits.
That being said, the ISP's have no interest in increasing bandwidth, either. To that end, rather than the Fed taking over the Internet as this article implies, I would rather have a legal limit on just how much an ISP can over sell their bandwidth.
But even that is just a band-aid to the real problem... Not enough competition. With merger after merger of the major ISPs and TelCos, you have very limited options in any given neighborhood for broadband. And what broadband choices we have tend to have extremely poor customer service. I think the only real answer is either offer incentives to bring new players to the market, or to break up the mega-ISPs we have now. Then instead of trying to get the most money for the least service, they would be trying to out do each other on bandwidth and other features to win customers from their local competitors.