Back in November, President Barack Obama called on the Federal Communications Commission to pass the "strongest possible" rules to preserve net neutrality, which he first pledged to support in his 2008 campaign.

The FCC voted Feb. 26 in favor of those rules. The policy will reclassify Internet service providers as common carriers under Title II of the Telecommunications Act, treating them as public utilities, like phone service. This means they will be subject to more regulation than they are now.

"Today's FCC decision will protect innovation and create a level playing field for the next generation of entrepreneurs -- and it wouldn't have happened without Americans like you," Obama said in a statement.

Net neutrality is, in general, the idea that Internet service providers (like Comcast) should not be able give preferential treatment to one website over another, like slowing or speeding up access -- leading to a free and open Internet. Supporters of the FCC's policy say it will prevent Internet service providers from playing favorites.

The full text of the proposal wasn't available to the public before the vote, though its general principles were widely understood. A fact sheet listed three main components:

• No blocking, meaning the service providers can't block access to legal content.

• No throttling, meaning service providers can't intentionally slow access to legal content.

• No paid prioritization, meaning service providers can't charge websites fees in order to give them an advantage over other sites.

The policy also includes measures to increase transparency and  "a general Open Internet conduct standard that ISPs cannot harm consumers or edge (content) providers."

Opponents argue that the policy will increase fees on consumers' Internet bills. But the potential impact here is far from certain -- estimates range from zero to $11 billion.

Others say it will allow the FCC to dictate Internet products and costs. While theoretically possible, the FCC has said it won't subject broadband providers to "tariffs or other form of rate approval, unbundling or other forms of utility regulation."

Many expect that both major and minor Internet service providers will sue the FCC over the policy. Even so, the vote is a significant accomplishment for Obama.

This promise has been updated several times. We called it Promise Kept when the FCC first passed net neutrality rules in 2010, but shifted it to Stalled after the Court of Appeals for the District of Columbia Circuit struck down those rules. When Obama called for the latest policy in November, we moved the rating to In the Works.

With the vote to implement Obama's net neutrality proposal, we rate this Promise Kept.