Enhanced Market Competition: New Rules for Large Digital Firms
This act aims to boost market competition, especially in the digital sector. It introduces new rules for large companies, making it harder for them to acquire smaller competitors and to unfairly promote their own services in search results. This could lead to more diverse and innovative products and services for citizens.
Key points
Simplifying the process for proving anti-competitive practices, potentially leading to lower prices and more choices for consumers.
Prohibiting acquisitions by digital giants valued over $100 billion if such acquisitions could reduce competition.
Requiring dominant digital firms to disclose if they promote their own services in search results, increasing transparency and fairness.
Allowing the government to recover profits gained from unfair practices, discouraging antitrust violations.
Expired
Additional Information
Print number: 117_S_1074
Sponsor: Sen. Hawley, Josh [R-MO]
Process start date: 2021-04-12