In June 2007, the Federal Trade Commission released a staff report, Broadband Connectivity Competition Policy, that urged caution in enacting so-called "network neutrality" regulations. The report, the work of the Commission's Internet Access Task Force, provides important background information on the technical functioning of the Internet, identifies guiding principles for policymakers, and cautions against imposing new regulations in the evolving, dynamic broadband Internet industry in the absence of significant market failure or demonstrated consumer harm.