Senate Republicans are joining with Democrats to work on a series of antitrust bills aimed at breaking up and regulating major tech companies.
Sen. Tom Cotton is working with both Democrats and Republicans in developing complementary legislation to several of the antitrust bills the House Judiciary Committee advanced in June, a spokesman for Sen. Cotton told the Daily Caller News Foundation, including the Platform Competition and Opportunity Act.
The House’s version of the act, one of a series of antitrust bills introduced by bipartisan members of the House Judiciary Committee, sought to prevent major tech platforms from consolidating their market share by acquiring smaller competitors. Under the law, the burden of proof would be on big tech companies to prove their mergers are lawful.
Despite calls for increased regulation of the tech industry, Congress has yet to pass any major legislation, leaving it up to the states to take action curbing tech companies’ power and influence.
Meanwhile, state legislatures have introduced and enacted legislation on data privacy, antitrust, and content moderation, while state attorneys general have issued a number of legal challenges alleging anticompetitive business practices.
The Senate’s Committee on Rules and Administration Chairwoman Amy Klobuchar (D-MN) has announced she is holding a hearing Wednesday, March 24th at 10:00 AM ET on H.R.1/S.1, the Democrats’ misnamed “For the People Act.”
This is the first announced Senate hearing on the Democrats’ plan to do away with your freedom of speech, and if you were hoping the Senate Committee on Rules and Administration would act to correct the outrages that are central provisions of the House-passed bill, think again.