As time runs short, a US Senator wants to adopt an antitrust measure against Big Tech

As time runs short, a US Senator wants to adopt an antitrust measure against Big Tech ...

Senator Amy Klobuchar, a US congressional antitrust leader, has called for Congress to pass a measure to control big tech, which the chances of it becoming law have dimmed. The measure would prohibit self-preferencing by big tech platforms like Amazon.com and Alphabets Google. Klobuchar, a key sponsor along with Republican Chuck Grassley, has said she has the 60 votes required to pass the measure.

Klobuchar said in a statement Tuesday that we must pass legislation establishing guidelines for dominant tech companies. These platforms exploit their position to deceive their competitors, all at the expense of competition and consumers.

She is scheduled to give a speech on the Senate floor Tuesday evening on the Big Tech antitrust bill and related issues.

Schumer said on Tuesday that his focus is on a measure to boost chip manufacturing and on judicial confirmations. I support these measures. We must obtain 60 votes.

The Senate will have three weeks, including this one, before its August recess. When lawmakers return in September, there are expectations that the focus will be on the November midterm elections.

There has been discussion about introducing Klobuchars' bill along with a similar bipartisan measure that addresses Apple and Google's control of their app stores.

Experts believe these two antitrust bills would have the best chance of passing this year due to bipartisan outrage over big tech firms. Democrats are concerned about antitrust issues, while Republicans have accused tech platforms of suppressing conservative voices.

On Tuesday, an opponent of the measure said it was unlikely to be implemented this year. Supporters disagree, and have continued to push for anti-Big Tech measures.

Thomson Reuters 2022

You may also like: