Tech

Antitrust overhauls pass the first test. Well, hard parts.

“My district alone represents thousands (probably five digits) of employees affected by the proposed law,” he said. “It is these people, their jobs, their families, and their livelihoods that I have chosen to protect, and I must defend today.”

Passing the Commission’s bill begins a much more difficult process. Eight Democrats called on Chairman Nancy Pelosi, who had a great influence when the bill was taken up in Full House, to delay the process. Lawmakers reiterated the claims of companies like Apple that the bill could open up security and privacy vulnerabilities for customers.

This challenge is exacerbated by the Senate, which requires a great deal of Republican support for each bill to reach the required 60 votes. Several Republicans, including Josh Hawley, Missouri, have demanded stricter antitrust laws. However, it is unclear if more people will join him.

Some bills, such as those that generate more money for the Federal Trade Commission, can face more resistance than others. Most controversial is a bill banning the platform from selling its products, such as Amazon selling its own branded Amazon Basics toilet paper and putting rivals like Charmin at a disadvantage. is.

Paul Gallant, a research analyst at Cohen & Company, said: “I think Senate filibuster is always the highest hurdle and will hold down the toughest of these bills, but House is faster than anyone expected and goes far beyond technology. I’m out. “

The bill faces fierce opposition from tech companies that have marshaled considerable lobbying. Prior to voting Wednesday, Apple sent a letter to the committee leader, warning that if the bill was passed, the company would not be able to offer users certain privacy and security features. Tech-funded think tanks and lobbying groups issued a critical statement before voting.

The bill “selects only a handful of America’s most innovative and globally competitive tech companies when it comes to selling and strict regulation,” said a non-profit think tank sponsored by tech companies. Alex Tap, director of the Progressive Policy Institute, said.

Antitrust overhauls pass the first test. Well, hard parts.

Source link Antitrust overhauls pass the first test. Well, hard parts.

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