US Senator Amy Klobuchar (D-MN), chair of the Senator Judiciary Subcommittee on Competition Policy, Antitrust Law, and Consumer Rights, said in Washington, DC, “Big Data, Big Questions: Competition and Consumption.” I will give a lecture at a public hearing on “Impact on people”. , September 21, 2021.
Tin Shen | Pool | Reuters
Senator Amy Klobuchar, chairman of the Senate Judiciary Subcommittee on Antitrust Law, will soon announce a major antitrust bill for Big Tech with Chuck Grassley, Iowa, a ranking member of the Judiciary Committee on Thursday. Said.
The American Innovation and Choice Online Law, which shares a wide range of features with the bill and name submitted by Dr. David Siciline, Chairman of the House Judiciary Committee, is discriminatory on the dominant online platform. It is forbidden to do that. This can include using the power of the gatekeeper to penalize your rivals or prioritize your product over other products.
The Siciline bill was voted by the House Judiciary Committee this summer.
The bill will have serious implications for companies such as Amazon, Apple and Google that operate their own markets for products and information. These companies have been accused of ranking their products higher than their rivals in order to increase their profits.
For example, Amazon’s third-party sellers suspect that the platform ranks its own branded products over its own. Travel and local search sites like Yelp and Tripadvisor have complained that Google favors the key deployment of Google Maps tools and unreasonably lowers links in search results. The platform denies cheating and states that the decision is based on what constitutes the best experience for the user.
“Parliament and tech companies have a lot to do to make the Internet better, safer and healthier, but instead, the bill will hurt consumer-loved tech products.” , Adam Kovacevich, CEO of Chamberof, writes. A group on the left in the center backed by progress, especially Amazon, Apple, Facebook and Google. “Preventing Amazon from selling Amazon Basics and banning Google maps from search results isn’t going to do anything to make the Internet better for families.”
Klobuchar said in a statement that the bill would give consumers more options.
“Big Tech has grown and evolved over the years, but the law hasn’t changed to ensure that these companies continue to compete fairly,” Grasley said in a statement. .. “If Big Tech acts discriminatory, we need to be held accountable. Our bill will help create a more equitable competition and allow SMEs to compete with these platforms. increase.”
So far, the bill includes Democratic co-sponsor Senator Dick Durbin, D-Ill. , Richard Blumenthal, D-Conn. , Cory Booker, DN.J. , And Republican co-sponsor Lindsey Graham, RS.C. , John is included. Kennedy, Republican, Cynthia Lummis, Republican.
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See: Amazon CEO Jeff Bezos asks about the use of third-party seller data
The new antitrust bill aims to prevent Big Tech from putting its rivals at a disadvantage
Source link The new antitrust bill aims to prevent Big Tech from putting its rivals at a disadvantage