Senate committee votes to advance major tech antitrust bill
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Senator Amy Klobuchar (D-Minn.) addresses the Senate Judiciary Committee at Capitol Hill, Washington, DC on October 15, 2020, during the fourth day in the confirmation hearing of Supreme Court nominee Judge Amy Coney Barrett.
Susan Walsh | Pool | Reuters
Thursday’s vote by the Senate Judiciary Committee (16 to 6) was for a major bill on tech competition. Experts disagree with this decision. consider lawmakers’ best shot at making substantial reform into law.
American Innovation and Choice Online Act was passed bipartisanly, putting it on track to be potentially adopted by the entire Senate.
A similar bill was already introduced by the House counterpart of this committee. Its movement in Senate could also help to propel that bill forward. Although the White House is yet to comment on this specific legislation, they have generally supported competition efforts and President Joe Biden installed progressive antitrust leaders.
This bill will have significant consequences for Amazon, Apple GoogleIt would apply specifically to Facebook owners, but as it stands now it could also be applied to large platforms such as Facebook. MetaTikTok.
The story continues to develop. Keep checking back for more updates.
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