The Biden FCC briefly brought it back but it was quickly killed by a Bush-appointed judge based on the conservative majority Supreme Court’s ruling on Loper Bright v. Raimondo which ended the practice of Chevron Deference.

Chevron Deference was a policy that allowed federal agencies to be the interpreters of ambiguous regulations, and in this particular case the uncertainty was whether or not the internet counted as a “utility” akin to electricity and water. The updated interpretation is that the FCC doesn’t have the right to treat the internet as a utility if it is not explicitly defined as a utility by law, so net neutrality was killed.

There is still hope that a later, more progressive Congress and administration could pass regulation declaring the internet to be a utility, or that a later court could change their minds on that interpretation, but for now it’s not looking good.