By the end of the year, the FCC plans to propose repealing the rules, which were created by former Chairman Tom Wheeler to keep the internet free from paid advertising.
The new rules are supposed to help prevent ISPs from favoring their own content or slowing down rivals.
But the agency’s website says they could be eliminated at any time without notice.
The FCC has a history of making changes that have the potential to harm competition and consumers.
The agency voted in January to end rules that required internet providers to make their customers’ web browsing data available to the government.
That decision was a blow to internet service providers, which have been fighting to keep access to their customers from being throttled by their own data centers.
They also faced criticism after the FCC approved a controversial rule requiring internet service companies to allow users to share their browsing history.
Wheeler’s net neutrality regulations have also faced legal challenges from companies that have complained about them, including Verizon and AT&T.
They are also facing a backlash from internet users who feel the regulations are unduly burdensome and unnecessary.
In May, the U.S. Chamber of Commerce sued to block the repeal.
“The Trump Administration is trying to undo net neutrality by reclassifying broadband as an information service,” the group wrote in a letter to the FCC.
“That is an absurd reversal that could result in an even greater and more burdensome federal regulation of broadband providers.”
The FCC plans its repeal vote on April 22.