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Curbing Acquisitions by Large Digital Platforms: Boosting Online Competition

This act aims to increase competition in the digital market by making it harder for large online platforms to acquire smaller companies. This could give citizens access to more innovative services and products, as well as fairer prices, as smaller businesses will have a better chance to grow and compete with tech giants.
Key points
Prohibits acquisitions by large digital platforms if such acquisitions limit competition.
Defines which platforms are covered by the new rules, considering user numbers and market value.
Allows citizens and businesses to sue large platforms for violating these provisions and seek damages.
Strengthens the role of antitrust authorities in overseeing the digital market.
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Status:
Expired
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Additional Information
Print number: 117_HR_3826
Sponsor: Rep. Jeffries, Hakeem S. [D-NY-8]
Process start date: 2021-06-11