According to the bill text, "any Internet service provider that, on or through a system or network controlled or operated by the Internet service provider, transmits, routes, provides connections for, or stores any material containing any misrepresentation... shall be liable for any damages caused thereby, including damages suffered" by the Securities Investor Protection Corporation, an entity that protects investors from financial harm if a broker-dealer company fails.

Under the measure, the ISP would be liable if it has "actual knowledge that the material contains a misrepresentation [or] in the absence of actual knowledge, is aware of facts or circumstances from which it is apparent that the material contains a misrepresentation [and] upon obtaining such knowledge or awareness, fails to act expeditiously to remove, or disable access to, the material."

News ISPs are losing out on the chance to dramatically increase revenues because of the slow rollout of DSL services and many are questioning whether there will ever be a broadband Britain.