Republican Arkansas Sen. Tom Cotton and Democratic Minnesota Sen. Amy Klobuchar unveiled a bipartisan bill Friday intended to restrict how major tech companies acquire and merge with smaller firms.
The bill, titled the Platform Competition and Opportunity Act, is a companion to antitrust legislation advanced out of the House Judiciary Committee in June. If enacted, the law would shift the burden in antitrust cases to the acquiring party for mergers greater than $50 million, meaning that the acquiring firm would have to prove that its acquisition of another company was not anti-competitive.
The bill explicitly targets Big Tech companies, and it applies to firms with market capitalizations over $600 billion, at least 50,000,000 U.S.-based monthly active users or 100,000 monthly active business users. This would include Amazon, Google, Facebook and Apple. Read More
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. Read More
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. Read More
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. Read More
A Minnesota Senator used her inaugural speech to demonize mostly peaceful protestors who occupied the Capitol building in Washington, D.C. on January 6, while simultaneously calling for unity.
“Two weeks ago, when an angry, violent mob staged an insurrection and desecrated this temple of our democracy, it awakened us to our responsibility as Americans,” Sen. Amy Klobuchar (D-MN) said, speaking to a sparse crowd. “This is the day when our democracy picks itself up, brushes off the dust, and does what America always does: goes forward as a nation, under God, indivisible, with liberty and justice for all.” Read More
Minnesota Senator Amy Klobuchar (D-Minn.) has withdrawn herself from the running to be Joe Biden’s vice presidential running mate in November, according to CNN.
In her announcement on Lawrence O’Donnell’s show on MSNBC, she described the race riots following the death of George Floyd as “a historic moment,” and that America “must seize on this moment.” She then urged the former vice president and presumptive Democratic nominee “to put a woman of color on the ticket.” Read More
The Minnesota DFL Party announced Tuesday that former Vice President Joe Biden will be the keynote speaker for its upcoming state convention.
Due to the coronavirus pandemic, the two-day convention will be held virtually on Saturday and Sunday. During the convention, the DFL will announce its U.S. Senate endorsement, as well as Minnesota’s DNC representatives, presidential electors, and delegates to the Democratic National Convention. Read More
A new poll released Sunday has President Donald Trump and former Vice President Joe Biden statistically tied in Ohio, a critical state for the Trump campaign’s path to victory. Read More
A new Fox News poll predicts that voters would support a Joe Biden/Amy Klobuchar ticket over reelecting President Donald Trump in the 2020 election.
The poll was conducted between March 21 and 24 and shows Biden beating President Trump by nine percentage points in November. Since Biden promised to pick a female running mate, the poll examined his odds with Sens. Amy Klobuchar (D-MN), Kamala Harris (D-CA), and Elizabeth Warren (D-MA) as vice president. Read More
Former Vice President Joe Biden defeated Sen. Bernie Sanders (I-VT) Tuesday night in Minnesota’s Democratic primary, a shocking upset in what was a tough night for the Vermont socialist. Read More
Sen. Amy Klobuchar (D-MN) officially suspended her campaign and endorsed former Vice President Joe Biden at a rally in Dallas, Texas Monday night. Read More
Sen. Amy Klobuchar (D-MN) has ended her presidential campaign and plans to endorse moderate rival Joe Biden, her campaign has confirmed. Read More
Our friend Deroy Murdock posted a great column about the Democrat candidates for President which we caught on NewsMax.
Mr. Murdock’s point was that while not all of those still in the race for the Democratic Party’s nomination for President may not be full-blown socialists, like Senator Bernie Sanders, the balderdash that they are even vaguely centrist is either desperately uninformed or deliberately dishonest. Read More
Someone won Monday night’s Iowa caucuses — we just don’t know who, yet.
The Iowa caucuses have been the first nominating contest in the nation since 1972 with 41 national delegates up for grabs. Read More
DES MOINES, Iowa – As a crowd filters into the Horizon Events Center in Clive, Iowa, on an unseasonably warm winter night, it appears as if they are preparing for one of the regular concerts that usually fills this cavernous hall. Read More
Activists from the NAACP and Black Lives Matter called on Sen. Amy Klobuchar to end her presidential campaign Wednesday after a report exposed her involvement in the conviction of a black teen who maintains his innocence. Read More
Commentators from across the political spectrum ruthlessly mocked The New York Times editorial board for its reality-TV style endorsement process, which resulted in the endorsements of both Sens. Amy Klobuchar and Elizabeth Warren. Read More
WASHINGTON – Seven leading U.S. Democratic presidential candidates squared off in a spirited debate late Thursday, with quick attacks on the newly impeached President Donald Trump as the most corrupt leader in the country’s history. Read More
United Auto Workers alerted its members Sunday that negotiations with General Motors “have taken a turn for the worse.” Read More
Minnesota Senator Amy Klobuchar visited the crucial 2020 swing state Of Michigan Thursday as the United Auto Workers (UAW) continue their strike against General Motors (GM). Read More
Minnesota Sen. Amy Klobuchar, along with nine other Democratic presidential candidates, unveiled her education plan at the National Education Association (NEA) conference. During Friday’s speech in Houston, Klobuchar unveiled her “Progress Partnership,” which would give states federal funding to implement specific programs. The senator’s plan aims to increase teacher… Read More