The man who coined the phrase "net neutrality" rejected the idea that enforcing the policy would lead to reduced investment in broadband infrastructure.
"The industry just invested another $45 billion in spectrum knowing net neutrality rules were coming," Wu said. "They're just basic rules of the road. If you have rules for highways, it's not like people don't build buildings. I think we're going to see the same levels of investment going forward."
Wu, a professor at Columbia Law School, coined the term in a 2003 academic article. Net neutrality is the policy of treating all Internet traffic equally, rather than blocking or imposing "tolls" on access to higher grades of service.
The FCC is expected to vote Thursday morning in favor of enforcing net neutrality by classifying Internet service providers as utilities under Title II of the 1934 Communications Act.
Read MoreAs Republicans Concede, FCC Expected to Enforce Net Neutrality
That would give the agency the ability to regulate the providers like telephone line operators. Among other things, the FCC would be able to prevent providers from blocking legal websites, slowing down traffic to specific sites or allowing faster access to other services, such as Netflix or Amazon Instant Video.