The FTC today released a report (pdf) on broadband competition, which not surprisingly suggests a hands-off approach to regulating the sector. The agency had already hinted that like the FCC, they'd be taking a light regulatory approach. They argue that with network neutrality specifically, there is not enough evidence of wrong-doing to enact strict guidelines.

The report comes on the heels of a two-day public workshop held by the FTC last February on broadband competition issues. At the time, a number of people noted the very clear lack of consumer advocates participating in the discussion.

"In the absence of significant market failure or demonstrated consumer harm, policy makers should be particularly hesitant to enact new regulation in this area," said FTC chief Deborah Platt Majoras in a statement. Verizon agrees.