A leading Democratic antitrust lawmaker stated on Tuesday that a bill aimed at gaining control over the market power of big tech platforms such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google had the support to pass Congress in the coming weeks.
Representative David Cicilline, chair of the House antitrust subcommittee, said, “I’m really certain that these bills will pass when they come to the floor. convincingly. “
When asked when, he responded, “Before we go for midyear, I anticipate that everything will work out.” Clearly, next week would be the perfect scenario. “July was the month with the worst possible outcome, in my estimation.”
Last Monday, U.S. Representative Amy Klobuchar, who sits on a Senate antitrust board, stated that she had the support in the Senate to gain admittance.
Delegate Ken Buck, a Republican supporter, stated on Tuesday that he supported the bill owing to his belief that moderate viewpoints are stifled online. He stated, “We’re being repressed.”
The bills have been the focus of a ferocious amount of campaigning, with IT titans informed in advance of dire consequences comparable to the demise of popular online consumer applications such as Google Maps. On Tuesday, Cicilline referred to a portion of these accusations as “lies.”
The U.S. Office of Commerce opposes the measures and stated on Tuesday, “The regulations would give the government control over our economy.”
The contest would no longer be judged on the basis of benefits; rather, the interests of customers would be prioritized over those of competitors. “
On Monday, numerous groups and business organizations issued a letter to U.S. lawmakers requesting their support for the moves.
L1N2Y01EC Yelp, Sonos, DuckDuckGo, and Spotify are among the companies that support this action.
