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Senate Majority Leader Schumer Looks To Have Vote On Antitrust Bill This Summer

 |  May 19, 2022

Senate Majority Leader Chuck Schumer wants bipartisan tech antitrust legislation to be voted on this summer, reported Axios.

Axios reported that Schumer met with Sens. Amy Klobuchar (D-Minn.) and Richard Durbin (D-Ill.) Wednesday to discuss next steps for Klobuchar’s bipartisan bill, the American Innovation and Choice Online Act, which passed out of the Senate Judiciary committee earlier this year.

The bill would ban Big Tech companies like Google, Apple, Amazon and Meta from favoring their own services in an anticompetitive way, similar to a House bill approved by the House Judiciary Committee as part of a marathon markup last summer.

Schumer urged Klobuchar to release an edited version of her bill with input from bipartisan members of the Judiciary Committee soon, so members have time to review it before it’s put up for a floor vote, per the source.

Opponents of the bill say it would undermine national security, embolden China, break encryption services and endanger tech services consumers enjoy. A package of bills limiting the power of tech giants is gaining momentum in Congress, though leaders are running out of time to pass major legislation before the midterms.

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