Landmark Senate Bill Shows Unprecedented Bipartisan Momentum to #ReinInBigTech
Accountable Tech co-founder Jesse Lehrich released the following statement Thursday in response to news that four Democratic and four Republican Senators – including the Judiciary Chair, Ranking Member, and Antitrust Subcommittee Chair – have cosponsored companion legislation to the House Judiciary-passed American Innovation and Choice Online Act:
“Big Tech corporations have been abusing their monopoly power for years, blatantly self-dealing and rigging marketplaces under the presumption that Congress would fail to stop them. Amid historic polarization in Washington, this bipartisan show of force sends an unmistakable message that the era of impunity is over.
This bill takes direct aim at some of the most exploitative tactics Silicon Valley giants have long employed to unfairly entrench their dominance at the expense of consumers and competition. And it demonstrates unequivocally that lawmakers are ready to work across the aisle to take significant action to rein in Big Tech.
We thank Senators Klobuchar and Grassley for their bipartisan leadership, and look forward to Congress moving forward on the full suite of aggressive antitrust reforms needed to unwind decades of corporate consolidation that – along with other Big Tech abuses that must separately be addressed – has undermined American democracy.”