Here's a copy of the bill, which was first introduced last year.
By reintroducing legislation before a Republican version emerges, Democrats could keep Republicans from attracting liberals to their side. A Republican bill would likely give the FCC clearer, explicit authority to regulate net neutrality — something that Democrats might like — but, crucially, prohibit the agency from using its strongest legal tool, known as Title II of the Communications Act.
Top Republicans have their own challenges ahead, however. Some of the party's most conservative members are opposed to any net neutrality rules, including through legislation — making it that much more important to get some Democratic support. And even if the GOP manages to pass a bill, it still must overcome a potential presidential veto. In November, President Obama issued a rare White House statement on the future of the Internet, calling for clear net neutrality rules and urging the FCC to invoke Title II. It's unclear whether Obama would compromise with congressional Republicans if presented with a bill that gives him everything except Title II.