Coalition of 58 Organizations Call Congressional Leadership to Vote on Two Bipartisan Bills to Rein in Big Tech
04. 28. 2022
Two-year congressional investigation into to tech industry’s monopolistic practices produce two antitrust bills
Click to add an image!
WASHINGTON, D.C. — Today, a wide-ranging coalition of 58 organizations sent an open letter to House and Senate leadership urging them to urgently schedule votes on two antitrust bills currently garnering rare bipartisan support: the American Innovation and Choice Online Act (AICOA, S.2992/H.R.3816), and the Open App Markets Act (OAMA, S.2710/H.R.7030).
Led by Economic Security Project Action, prominent signers include Consumer Reports, Main Street Alliance, Center for American Progress, Public Citizen, and SEIU. Read the full letter sent to congressional leadership by this coalition of labor, small business, and other antimonopoly groups here: economicsecproj.org/AICOOAMA
While focused on Big Tech, these bills represent the first realistic legislative opportunities in a generation to push back against market concentration in the American economy. They would ban tactics that currently harm consumers and make it impossible for small businesses to compete with dominant tech companies:
Led by Sens. Klobuchar (D) and Grassley (R), and Reps. Cicilline (D) and Gooden (R), the American Innovation and Choice Online Act would establish clear, effective rules to protect competition and users who do business on Big Tech platforms.
Led by Sens. Blumenthal (D) and Blackburn (R), and Reps. Hank Johnson (D) and Buck (R), the Open App Markets Act would bar big app stores from requiring developers to use a specific in-app payment or from unfairly promoting their own apps above those of competing app developers.
“It’s rare to see Americans of all political stripes lock arms on any issues of substance these days, but recent polling makes clear that large majorities of Republicans, Democrats, and independents believe that Congress needs to rein in Big Tech,” said Alex Harman of Economic Security Project Action. “The breadth of the coalition support for these bipartisan bills reflects that common ground, and we hope that leaders in Congress will share the urgency felt by the American people. Passing these bills is an essential first step toward undoing the damage that tech monopolies have done throughout our economy.”
These bills are a culmination of an extensive two-year House investigation by both parties into the abuses of Big Tech — as well as 10 hearings by the Senate Antitrust Subcommittee studying the effect of Big Tech monopolies on consumers and the economy. If passed, this rare bipartisan effort could help restore competitive markets and bolster innovation and resiliency in the economy.