What is the official ID of this bill?
The official print number for this legislation is S 1204.
Breaking Up Big Tech: Promoting Digital Market Competition
This act aims to boost competition in digital markets by prohibiting large technology companies, meeting specific user and revenue thresholds, from simultaneously operating sales platforms and offering their own products or services on those platforms. This means companies like Amazon couldn't sell their own products alongside other sellers on their platform, and companies like Google couldn't offer hosting services and a search engine at the same time. The goal is to create a fairer environment for smaller businesses and increase consumer choice.
Key points
Large online platforms (e.g., marketplaces, search engines) will be prohibited from selling their own products or services on their platforms if they meet user and revenue criteria.
These companies will have one year to end affiliations with entities that sell or advertise goods on their platforms.
Acquiring companies that provide hosting or back-end online services to other entities will be prohibited.
The Federal Trade Commission (FTC) will oversee compliance, and state attorneys general and individuals can sue companies for violations.
Status:
Expired
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