Lawmakers want to rein in big tech—here’s why and how
A new bipartisan Senate bill likely to be introduced early next week would make it illegal for big tech companies like Facebook, Amazon, Apple and Google to promote their own products and services more than those of their rivals on their own platforms, an act also known as “self-preferencing.”
The bill was announced on Thursday by its co-sponsors: Senators Amy Klobuchar (D-Minn.) and Charles Grassley (R-Iowa). Its intention is to outlaw certain behaviors that lawmakers consider to be anticompetitive.
“As dominant digital platforms – some of the biggest companies our world has ever seen – increasingly give preference to their own products and services, we must put policies in place to ensure small businesses and entrepreneurs still have the opportunity to succeed in the digital marketplace,” Klobuchar said in a statement. “This bill will do just that,…