the CEOs of major ISPs will...maximize short-term profit
I think you may be unfairly maligning a bunch of folks who do actually care about their customers, but in any case, the correct answer is to enable competition, not to add regulation.
As for how sweeping it is, knowledgeable people in the industry feel like this is going to impair their ability to make reasonable network design choices, and in some cases force them to lay physically separate networks to do an identical job. Once it is established that Washington has that level of control (effectively making a public resource out of private networks), it seems reasonable judging from historical precedence that they will expand their jurisdiction (the special interests will smell blood).
(On a meta-note, I wrote 2&3 before seeing your response. We were likely writing in parallel.)
I think you may be unfairly maligning a bunch of folks who do actually care about their customers, but in any case, the correct answer is to enable competition, not to add regulation.
As for how sweeping it is, knowledgeable people in the industry feel like this is going to impair their ability to make reasonable network design choices, and in some cases force them to lay physically separate networks to do an identical job. Once it is established that Washington has that level of control (effectively making a public resource out of private networks), it seems reasonable judging from historical precedence that they will expand their jurisdiction (the special interests will smell blood).
(On a meta-note, I wrote 2&3 before seeing your response. We were likely writing in parallel.)