Please support S. 2992, the American Innovation and Choice Online Act (AICOA). For too long, big tech firms like Google, Amazon, Facebook, and Apple have had free rein to abuse their market power. S.2992 is a groundbreaking measure that will update the antitrust laws to address digital harms that have allowed tech companies to grow into harmful monopolies.
Big tech firms and their aligned industry groups claim that this bill will hurt companies by restricting their ability to offer popular services, such as Amazon Prime, Gmail, and the Apple App Store. However, these concerns are nothing but a bad faith effort to evade accountability for anticompetitive conduct. This bill will simply prevent tech monopolies from using their products and services in a manner that hinders competition and harms small businesses. Additionally, S.2992 is well-tailored to address anticompetitive conduct, allowing companies to put forward affirmative defenses proving that their actions did not, in fact, harm the competitive process to avoid liability under the Act.
S.2992 is a critical measure to ensure that big tech firms are held accountable for the anticompetitive conduct which has allowed them to develop monopoly power in their respective markets. This bill will help chip away at that dominance, giving the antitrust enforcement agencies more adaptable tools to fight anticompetitive conduct in the digital era. Thanks.
▶ First sent on January 26, 2022 by Jessica