Source: Waxman net-neutrality rules would expire before 2013

A net-neutrality draft bill under development by House Energy and Commerce Chairman Henry Waxman (Calif.) looks as follows as of Monday morning, according to one industry source who said the talks are still "fluid:"

-It would expire on 12/31/2012.

-For wireline networks, it would apply the FCC's four open Internet principles, plus a transparency rule, plus a prohibition on unreasonable discrimination.

-For wireless networks, it would prohibit blocking websites and competing applications.

-It would prevent the FCC from reclassifying broadband services under Title II of the Communications Act.

The source also said Waxman's office is still engaging all stakeholders.