EU Asks US To Draft Joint Rule Book For Big Tech Regulation

In a speech to the Davos World Economic Forum, European Commission President Ursula von der Leyen urged the Biden administration to join forces against “the darker sides of the digital world,” which she said was partly behind the “shock” storming of Capitol Hill on January 6.

“The business model of online platforms has an impact and not only on free and fair competition, but also on our democracies, our security and on the quality of our information,” von der Leyen said. “That is why we need to contain this immense power of the big digital companies.”

The head of the EU’s executive body called on the White House to join the 27-nation bloc’s efforts, saying that “together, we could create a digital economy rule book that is valid worldwide,” and would encompass data protection, privacy rules, and the security of critical infrastructure.

In December, the Commission proposed two new pieces of EU legislation to better protect consumers and their rights online, make tech platforms more accountable, and improve digital competition, building on the bloc’s data protection rules, which are among the most stringent in the world.

Von der Leyen said, “We want the platforms to be transparent about how their algorithms work. Because we cannot accept that decisions that have a far-reaching impact on our democracy are taken by computer programs alone.”

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.