WASHINGTON – Senators Chuck Grassley (R-Iowa) and Amy Klobuchar (D-Minn.) Announced today that they will introduce bipartisan legislation to restore online competition by establishing common sense rules for dominant digital platforms to prevent them from abusing their market power to harm competition, online businesses and consumers.
“While Big Tech has grown and evolved over the years, our laws have not changed to keep up with and ensure that these companies compete fairly. These companies have continued to take a more prominent place in our daily lives and in the global economy, controlling what we see and how we engage on the Internet ”, Grassley said. “Big tech should be held accountable if they behave in a discriminatory manner. Our bill will help create a level playing field and ensure that small businesses are able to compete with these platforms. “
“America’s prosperity has been built on open markets and fair competition, but right now our country faces a monopoly problem, and American consumers, workers and businesses are paying the price. “, he added. Klobuchar said. “As the dominant digital platforms – some of the biggest companies our world has ever seen – increasingly favor their own products and services, we need to put in place policies to ensure that small businesses and entrepreneurs still have the opportunity to succeed in the digital market. That is exactly what this bill will do, while providing consumers with the benefit of greater choice online. I am proud to present this much-needed legislation alongside Senator Grassley, President Durbin and a bipartisan group of our colleagues, and look forward to seeing it passed by the Senate and proclaimed into law.
The U.S. Online Choice and Innovation Act will:
Establish clear and effective rules to protect competition and users doing business on dominant online platforms, including:
a. Prohibit dominant platforms from abusing their custodial power by promoting their own products or services, disadvantaging competitors or discriminating between companies that use their platforms in a way that would materially harm competition on the platform; and
b. Prohibit specific forms of conduct which are detrimental to small businesses, entrepreneurs and consumers, but which have no competitive advantage, including:
- I. Prevent another company’s product or service from interacting with the dominant platform or another company;
- ii. Require a company to buy goods or services from a dominant platform for preferred placement on its platform;
- iii. Misuse a company’s data to compete with them; and
- iv. Biasing of search results in favor of the dominant firm.
Give antitrust authorities strong and flexible tools to deter violations and hold dominant platforms accountable when they cross the line of illegal behavior, including significant civil penalties, the power to seek blanket injunctions, action interim interim relief and potential confiscation of executive compensation.
Prevent self-preference and discriminatory behavior on the part of the most economically important online platforms with large user bases in the United States who function as “critical business partners” for online businesses. For these platforms, the rules target harmful behavior, enabling platforms to innovate, do business and behave in favor of consumers, including protecting user privacy and security, preventing behavior illegal and maintaining a secure online experience for users.
This U.S. Online Choice and Innovation Act is co-sponsored by Sens. Dick Durbin (D-Ill.), Lindsey Graham (RS.C.), Richard Blumenthal (D-Conn.), John Kennedy (R-La.), Cory Booker (DN.J.), Cynthia Lummis (R- Wyo.), Mazie Hirono (D-Hawaii.), Mark Warner (D-Va.) And Josh Hawley (R-Mo.). A bipartisan group led by the Chairman of the House Antitrust Subcommittee, David N. Cicillin (DR.I.) and rank member Ken Buck (R-Colorado.) Presented a similar version of the bill to the House of Representatives.