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
Senators from both parties introduced a bill Wednesday targeting alleged anticompetitive conduct among Apple and Google app stores.
The Open App Markets Act, introduced Wednesday by Republican Sen. Marsha Blackburn along with Democratic Sens. Richard Blumenthal and Amy Klobuchar, would prevent app stores such as Google Play and Apple’s App Store from requiring developers to use the tech giants’ in-app payment systems as a condition of distribution. The bill would also stop Apple and Google from taking “punitive action” against developers who offer different pricing terms in other app stores.
“This legislation will tear down coercive anticompetitive walls in the app economy, giving consumers more choices and smaller startup tech companies a fighting chance,” Blumenthal said in a joint statement. Read More
A bipartisan Senate trio is seeking to reassert Congress’ control over war authorizations and military power.
Utah Republican Sen. Mike Lee and Democratic Sens. Bernie Sanders of Vermont and Chris Murphy of Connecticut introduced the National Security Powers Act Tuesday, hoping to clamp down on presidential war powers that have expanded in recent years under presidents of both parties.
The bill requires the president to end foreign hostilities if they are not approved by Congress 20 days after they begin and cuts off funding if a president continues to act without congressional authorization. It gives Congress authority over weapons sales and allows it to prohibit the sale of weapons at its discretion, after former President Donald Trump irked lawmakers with his repeated sales to Middle Eastern allies like Saudi Arabia and the United Arab Emirates. Read More
The House approved a resolution Wednesday to create a select committee into the Jan. 6 attack on the Capitol weeks after Senate Republicans killed a bipartisan commission into it.
The bill authorizes House Speaker Nancy Pelosi to select eight members and House Minority Leader Kevin McCarthy to select five in consultation with her. It passed 222 to 190, with two Republicans joining all Democrats in voting in favor.
Though the bill passed with bipartisan support, it was significantly less than the 35 House Republicans who voted for the bipartisan commission in May. House Republican leadership came out against the bill Tuesday, urging its caucus to vote no on the grounds that it would “pursue a partisan agenda and politicize the Jan. 6 attack.” Read More
Senate Republicans killed a bipartisan bill establishing a commission to investigate the Jan. 6 attack at the Capitol, filibustering the first legislation since President Joe Biden took office after a multi-hour, overnight session pushed the vote back a day.
The bill failed 54 to 35, getting the support of six Republicans instead of the 10 that it needed to overcome the Senate’s 60-vote threshold required to begin debate. The bill would have established a 10-member, bipartisan commission into the Capitol riot, when pro-Trump rioters attempted to block Congress from certifying Biden’s victory.
Senate Minority Leader Mitch McConnell led the Republican opposition, and called the bill “slanted and unbalanced” last week. Read More