(Telecompaper) The US Federal Communications Commission will propose new net neutrality rules at its meeting 24 April, the Wall Street Journal reports. Developed by FCC Chairman Tom Wheeler, the rules would allow providers to give preferential treatment to internet traffic from some content providers, as long as such arrangements are available on "commercially reasonable" terms for all interested content companies. Whether the terms are commercially reasonable would be decided by the FCC on a case-by-case basis. The FCC will circulate the proposal ahead of a vote at its 15 May meeting on whether to move forward with the plan. The FCC's last two attempts to implement net neutrality were thrown out in court following challenges from broadband providers. The latest proposal is seen as a compromise to balance the consumer interest in unfettered access to online content and the ISPs need to manage traffic and differentiate their offerings.