Here's the best summary I could make for the linked article
The FCC chair Jessica Rosenworcel announced that the FCC will take an active role again in overseeing corporate control of the internet. At its next meeting, the FCC will vote on restoring its Title II authority to regulate internet service providers. This will allow the FCC to prevent anti-consumer practices like price gouging, access throttling, and privacy violations. It will also empower the FCC to reinstate net neutrality rules barring ISPs from slowing access or prioritizing speed for certain sites. Net neutrality is overwhelmingly popular among the US public but has faced opposition from large telecom companies and their lobbyists. The article suggests the FCC's new stance may rekindle debates between tech and telecom giants over how the internet should be regulated.
Restoring the FCC's Title II authority is important for allowing oversight of hugely powerful ISPs and their control over a vital part of modern life and civic participation online.