Senators Introduce Bipartisan Legislation to Rein in Big Tech

Sens Amy Klobuchar (D-MN), Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, and Chuck Grassley (R-IA), Ranking Member of the Senate Judiciary Committee, announced that they will introduce bipartisan legislation to restore competition online by establishing commonsense rules of the road for dominant digital platforms to prevent them from abusing their market power to harm competition, online businesses, and consumers. The American Innovation and Choice Online Act will:

1. Set clear, effective rules to protect competition and users doing business on dominant online platforms.
2. Give antitrust enforcers strong, flexible tools to deter violations and hold dominant platforms accountable when they cross the line into illegal behavior, including significant civil penalties, authority to seek broad injunctions, emergency interim relief, and potential forfeiture of executive compensation.
3. Prevent self-preferencing and discriminatory conduct by the most economically significant online platforms with large US user bases which function as “critical trading partners” for online businesses.