Taking direct aim at earlier moves by Time Warner Cable Inc. (NYSE: TWC) and AT&T Inc. (NYSE: TWC), Congressman Eric Massa (D-NY) formally unveiled the Broadband Internet Fairness Act, introducing legislation that attempts to clamp down on metered bandwidth policies that are deemed unfair or anti-competitive.

The bill aims to authorize the Federal Trade Commission , in consultation with the Federal Communications Commission (FCC) , to review usage service plans of "major" broadband ISPs "to ensure that such plans are fairly based on cost..."