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Ending Platform Monopolies: Boosting Online Competition

This act aims to increase competition in digital markets. It prevents large online platforms, such as social media or online stores, from owning other businesses that use their platform or with which they compete. This is intended to ensure that smaller businesses have a fair chance and consumers have access to a wider range of products and services.
Key points
Large online platforms will be prohibited from simultaneously owning businesses that sell products or services on their platform, to prevent favoring their own offerings.
The act aims to prevent situations where a platform requires businesses to purchase its products or services as a condition for access or better visibility.
Violations can lead to significant financial penalties, calculated based on the company's revenue.
Individuals in leadership roles at covered platforms will not be allowed to simultaneously hold similar positions in formerly affiliated businesses.
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Additional Information
Print number: 117_HR_3825
Sponsor: Rep. Jayapal, Pramila [D-WA-7]
Process start date: 2021-06-11