The new antitrust bill aims to prevent large tech companies from putting competitors at a disadvantage

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US Senator Amy Klobuchar (D-MN), Chairman of the Competition Policy, Antitrust and Consumer Rights Subcommittee of the Senate Judiciary Committee, at the “Big Data, Big Issues: Impact on Competition and Consumers” hearing in Washington, USA Speech, September 21, 2021.

Court Deep | Swimming Pool | Reuters

The chairman of the Senate Judiciary Committee’s Antitrust Subcommittee and Democratic Senator Amy Klobuchar of Minnesota said on Thursday that she will soon meet with Chuck Gera of Iowa, a ranking member of the Judiciary Committee. Chuck Grassley jointly proposed a major antitrust bill against large technology companies.

The “U.S. Innovation and Choice Online Act” has the same name and broad features as a bill proposed by David Cicilline, Chairman of the Antitrust Committee of the House Judiciary Committee, which would prohibit dominant online platforms from engaging in Discriminatory behavior. This may include exercising the power of a gatekeeper to put competitors at a disadvantage or prioritizing their own products over other products.

This summer, the House Judiciary Committee voted to veto the Cicillin version of the bill.

The bill will have a profound impact on companies such as Amazon, Apple, and Google, all of which operate their own product or information markets. These companies are accused of ranking their products higher than their competitors in order to create more profits for themselves.

For example, third-party sellers on Amazon suspect that the platform ranks their similar private-label products ahead of their own. Travel or local search sites such as Yelp and Tripadvisor complained that Google unfairly lowered the links in search results to support the main location of its Google Maps tool. These platforms denied any wrongdoing and stated that their decision was based on a decision to provide users with the best experience.

“Congress and technology companies have a lot of work to do to make the Internet better, safer, and healthier-but this bill doesn’t do that. Instead, it criticizes the technology products consumers love,” the U.S. Chamber of Commerce CEO Adam Kovacevich wrote. Progress, a center-left group supported by companies such as Amazon, Apple, Facebook, and Google. “Preventing Amazon from selling Amazon Basics and banning Google Maps in its search results will not do anything to make families use the Internet better.”

Klobuchar said in a statement that the bill will provide consumers with more choices.

Grassley said in a statement: “With the development and development of large technology companies over the years, our laws have not changed to keep up with and ensure fair competition among these companies.” “If large technology companies act in a discriminatory manner, You need to be accountable. Our bill will help create a more level playing field and ensure that small businesses can compete with these platforms.”

So far, the bill includes Democratic co-sponsors Sens. Dick Durbin, D-Ill., Richard Blumenthal, D-Conn., Cory Booker, DN.J. and Republican co-sponsors Lindsey Graham, RS.C. , John Kennedy, R-La. and Cynthia Lummis, R-Wyo.

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Watch: Amazon CEO Jeff Bezos questions the use of third-party seller data

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