Bipartisan Senate Judiciary Vote to Rein in Big Tech Monopolies
WASHINGTON, D.C. – The U.S. Senate Judiciary Committee today voted 16-6 on a bipartisan basis to advance the American Innovation and Choice Online Act, which would rein in Big Tech’s monopoly power. Alex Harman, competition policy advocate for Public Citizen, released the following statement:
“Big Tech’s unchecked growth and dominance have led to outrageous abuses of power that have harmed consumers, workers, small businesses, and innovation. That unchecked power is coming to an end.
“This bipartisan bill is a huge step toward holding abusive and dominant Big Tech companies accountable and stopping them from abusing their monopoly power in nearly every aspect of their business. Monopoly power lowers wages, reduces innovation and entrepreneurship, undermines the free press, and perpetuates toxic systems of racial and class dominance. This reform would check Big Tech’s overwhelming power by requiring them to play fairly and bring about more competition and innovation.
“Big Tech should see this for what it is: the Senate sending a clear message that the party is finally over for them.”