In addition, the service doesn't have to improve at all for higher fees. And, considering the quality of the service in the US/Canada right now... 
Basically, US carriers now get to charge more money, and double dip on charges (even charging providers who aren't even their customers), and otherwise extort people for a crapton more money without ever actually having to do anything to earn that money.
Did a little reading.... and it sounds like those of you in the states could get boned.
Interestingly enough, it only seems to be the states. The EU and Canada have had a regulatory compliance system for ISPs for years (the CRTC in canada) and they have come down hard on the few companies that thought they could block service to competative sites, or even throttle connection speeds for some activities. (Rogers Communications was hit with a huge fine gor throttling connection speeds of online gamers. Bell was issued notice to terminate its throttling of streaming media)
When has U.S. companies or it's government really cared about what or how the rest of the world did things? Not when money can be made! 
Not related the point, really. He's saying the problem only exists inside the US, or for providers delivering content into the US (wonder if this could run afoul of things like NAFTA...).
that's a good question....
and the other issues the US companies are going to have to work out is how they are going to charge when they only own between 5-405 of the total signal route to your home ("last leg" as it's called). if your signal from a website in say the EU is only traveling 5% of the way on "Greedzpocketz IP", how can they say you are hogging bandwidth and thus expect to charge you more?
how are they going to attempt to charge foreign users of sites in the US? After all, they show up with a bill to my door in Canada, I would laugh at them and tell them to file suit in a BC court and PROVE that I owe them money......
*****
on a different note, with out looking into it, there are very few US ISP operating in Canada anymore, as they could not compete (HAHAH!!!! read: make the money they wanted, due to actually having to provide a SERVICE!) so they left. I think the last hold out was Comcast and they folded a few years ago as the courts upheld a client's right to refuse to pay due to crappy service provided. (could be wrong)