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Alpha Sunday (July 10) reported that a new U.S. antitrust law targeting big tech companies could be in the Senate if it does not pass before the congressional recess.
The technology giant, known as the American Innovation and Election Online Law, was designed to reduce its ability to discriminate against its competitors. The law, backed by the US Department of Justice, could affect companies such as Google, Apple, Meta and Amazon.
The action, backed by Sens Amy Clobuchaar, De-Min and Chuck Grassley, Ar-Iowa, may be delayed because a previous Wayide conciliation package will capture everyone’s attention, according to a CTN report.
According to Clobuchaar, the law has 60 votes needed to pass the Senate. However, the Senate Chuck Schumer DNA office is still trying to get proper support for the bill in the Senate.
In previous reports before CTFN, the decision on the floor of the bill was based on whether Schumer would announce or not increase the time. The report also indicated that Republican senators could look to “complicate and delay” things by adding more improvements to the measure, according to the CTFN.
The debate over how to manage Big Tech has been going on for some time, with most of the debate centered on US election and innovation law.
PYMNTS writes that a large part of this debate is about how companies should or should not use their data – including issues such as not using the information for their own products or harming competitors. There are also questions about who should access the data and where it should be shared.
watch out: Google supports billing to limit government data needs
According to Big Tech, consumers will see a loss of privacy and control if this law is passed, which companies will realize is of great benefit to consumers.
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