Big Tech bill has votes needed to pass, top U.S. antitrust lawmaker says -Breaking
WASHINGTON, (Reuters) – A leading Democratic lawmaker in antitrust matters said Tuesday that a bill aiming to limit the market power Big Tech platforms such as Amazon.com (NASDAQ) and Alphabet(NASDAQ:),’s Google was approved by both the House and Senate in the coming weeks.
Representative David Cicilline was speaking on the sidelines of a rally to support measures in the Senate and House of Representatives to prevent tech platforms like Apple (NASDAQ;) and Facebook, from favouring their businesses through search. He said that “I am very confident when these bills reach the floor, I will pass them.” Convincingly.”
When was he going to say it? It would seem that the best possible scenario for me is in the following week. The month of July is my worst case scenario.
U.S. Last week, Senator Amy Klobuchar (chair of the Senate antitrust panel) stated that she had enough support from senators to get passage.
Republican Ken Buck, the sponsor of Tuesday’s bill, stated that he supports it at least partly due to his belief that online conservative views can be suppressed. He said, “We are being discriminated against.”
These bills were the focus of intense lobbying by tech companies, who warned of serious consequences like the loss of Google Maps and other popular online consumer applications. Cicilline on Tuesday called some of the allegations “lies”.
U.S. Chamber of Commerce opposed the bills and stated on Tuesday that: “The legislation will empower government bureaucracy, to rule over our economy. The merits of competition would no longer be considered. Instead, consumers’ interests would be ignored in favour of those of their competitors.
Numerous businesses and other organizations have sent Monday’s letter to U.S. politicians, asking them to back the proposed measures. [L1N2Y01EC]These companies are supporting the measure Yelp (NYSE :), Sonos NASDAQ:), DuckDuckGo & Spotify (NYSE :).