Net neutrality basically deals with control of web access by broadband providers, but in controlling access, libraries and other web content providers would be impacted.
The FCC, via its chairman Julius Genachowsky, has officially staked its claim on the future of the Webs. Net Neutrality all the way.
...he simplifies the arguments about Net Neutrality down to three key points:
1. "Americans have the freedom to access lawful content on the Internet, without discrimination." Meaning "no one should be able to tell you what you can or can't do" from a company right up to government level, as long as what you're doing is legal.
2. "You have a right to basic information about your broadband service." The FCC shows by this that it's going to get strict with ISPs about making it clear to consumers exactly what they're paying for, which makes it easier to choose between competitors.
3. "The Internet will remain a level playing field." People must be able to exercise free speech, shop, sell products or services and innovate "without permission from a corporation" or a corporate gatekeeper "prioritizing access to one person's content over another."
If you're still not clear about what net neutrality is, wikipedia's definition is good:
We are the web takes a more humorous approach but explains the issue really well, too.