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United States Government

US May Soon Push Ambitious Antitrust Crackdown on Big Tech in Congress (yahoo.com) 44

America's federal government "is planning a post-midterms push for antitrust legislation that would rein in the power of the world's largest tech companies," reports Bloomberg, "a last-ditch effort to get a stalled pair of bills through Congress before a predicted Republican takeover in January." The lame-duck period after Tuesday's U.S. election may be the last shot to pass the landmark legislation, the American Innovation and Choice Online Act and Open App Markets Act. The bills, which would prevent the tech companies from using their platforms to thwart competitors, would be the most significant expansion of antitrust law in over a century.... Republicans have made it clear that they won't support the bills if they retake control of either chamber of Congress. That has supporters urging the White House to mount a push in the final weeks before a new Congress is seated early next year.

Advocates have criticized the White House for failing to prioritize the legislation, which major tech companies have spent more than $100 million to defeat. Alphabet's Google, Amazon, Apple and Meta all oppose the bill. "There is bipartisan support for antitrust bills, and no reason why Congress can't act before the end of the year," said White House spokesperson Emilie Simons. "We are planning on stepping up engagement during the lame duck on the president's agenda across the board, antitrust included." Versions of both bills have made it through committees but await action by the full House and Senate.

If Congress doesn't act before the end of the year, it will likely be years before U.S. lawmakers pass any legislation to crack down on the power of the tech giants.

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US May Soon Push Ambitious Antitrust Crackdown on Big Tech in Congress

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  • by Tokolosh ( 1256448 ) on Saturday November 05, 2022 @03:46PM (#63026999)

    Congress should pass a law that any information about you, belongs to you. You may reveal that information to a second party, for purposes and duration limited by you. The information may not be used for any other purpose, nor shared with any third party, including the government, without your permission.

    Congress shall not pass any legislation that attempts an end-run around this requirement. (I'm looking at you, Third-party Doctrine)

    Where does that leave the so-called monopolistic Big Tech? Without a business model. You are no longer the product, by default.

    • by gtall ( 79522 )

      Nice thought, impossible in practice. You'd have people suing their electric company for keeping your records of energy use. People would sue their doctors for keeping their medical records.

      • by khchung ( 462899 )

        Nice thought, impossible in practice.

        Like how GDPR is "impossible", huh?

        The amazing thing about American Exceptionalism is how Americans keep insisting things that *have already been done* in other countries as "impossible"

    • Another great one would be to require X number of local live support personnel for every Y number of active customers. Retail businesses wouldn't be touched but it would completely break the back of the current exploitative and corrupt business model tech companies have.

      • by stikves ( 127823 )

        Yes, another way for the large tech companies to squash upcoming rivals...

        This is called "regulatory capture". They will easily find all that support personnel. They could even double task existing contractors into that role.

        However your next startup that will uproot Meta/Twitter/Microsoft? They don't have a proper cashflow yet, let alone be able to hire and manage so many new personnel.

        Sorry. this is another idea that sounds good at first, but would backfire if you think about it.

        • That's not a backfire, that's working as intended. The major players will be forced to either actually be accountable or be broken, and no new corrupt fly-by-night outfits like airBNB or Uber will be able to even get started.

          Actually having proper accountability to your customers is part of running a business just like paying your employees. If you can't do it then by definition your business is a failure. Human history did not start when Facebook sprang fully formed from the ether. We'll be fine.

    • by whitroth ( 9367 )

      Oh, I see... as I gather the EU laws are.

  • And you will get quite a bunch of right wing support to pass it.

  • and apartments? [arstechnica.com]

    Oh, those guys have a lot of money and power and the right wing isn't hoping to use anti-trust enforcement to seize control of them, so that's a no.
    • by stikves ( 127823 )

      Big juicy targets make us forget about the hidden privacy issues.

      You sign up for a bank account, electric utility, or even a grocery discount card; then you implicitly allow an army of nameless companies to have free reign of your data. (Do you know why they ask for zip code in some stores? First Initial + Lastname (from CC) + Zipcode can uniquely identify more than 90%+ of the people. They don't even need a loyalty card to track you).

      Some random "Mark Zuckerbergs" in the US:
      https://www.usphonebook.com/ma.. [usphonebook.com]

  • They'll never be able to pass a bill called AICOAOAMA. What does that even mean? Should have called it the FREEDOMONLINE act and everyone would be onboard.
  • The Republicans despise big tech because big tech despises the Republicans. Big tech has repeatedly suppressed conservative speech via bans, shadow bans, lower search placements, censorships, de-platforming, de-monetizing, labelled things as misinformation that later proved to be true, etc. And big tech has now been caught red-handed doing this in concert with the DOJ and FBI. (And other agencies with progressives in control of them are likely guilty as well. Why not just DOJ and FBI?)

    "If Congress doesn

    • You are on to something. The latest Musk and Twitter contretemps and the reaction to it are instructive.

  • Even with armed assholes standing in front of the voting booths, the red wave may not happen.
  • The majors are now too big to oppose. The law does not address market share. 'Prevent the tech companies from using their platforms to thwart competitors' is weasel word nonsense. They have unlimited cheap capital, reserves sitting offshore, and fanciful tax and licencing structures that cannot be undone. And databases scraped before privacy theft was a thing. I think France had the right idea, progressive taxation on market share to 75%. They also need a withholding tax. And bring in a 'right to forget; on
  • Years ago, no one wanted to stop the tech giants, but now that Trump was deplatformed, and people have to be responsible for what they say, suddenly: it's an emergency.
    • Did you read the article; its sponsors are democrats. Even the pet of big tech wants to bite google, amazon and others. Or at least threaten to in the lead up to the election. The dollars to steer the conversation make great war chests.

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