I am hopeful this could pass. Congress knows they are not technical subject matter experts. They don't like looking like fools when they talk about the Internet being a bunch of tubes. They want to be able to pass legislation and delegate the details to experts, at least to some degree. They don't want the overhead of that nuance and detail it takes agencies to define. I am surprised the judiciary wants that responsibility..
With agencies Congress has a scapegoat to drag in the muck and make them look good on TV. Without agencies, Congress is responsible for their own laws and being very explicit about some technical details. They look bad if shit breaks now.