arrow_back Back to App

Curbing Acquisitions by Large Digital Platforms to Boost Competition.

This act aims to prevent major online platforms, such as social media and online stores, from acquiring smaller companies. The goal is to foster greater competition in the digital market, potentially leading to more product and service choices and lower prices for consumers. This will give smaller businesses a better chance to grow and bring innovations to users faster.
Key points
Prohibits large digital platforms from acquiring companies if the acquisition value exceeds $50 million or if the acquired company is a competitor.
Establishes definitions for "covered platform" (large digital platform) based on user numbers and market value.
Allows citizens and states to sue large digital platforms for violations of this act, with the possibility of obtaining damages.
The Federal Trade Commission and the Department of Justice will be responsible for enforcing the provisions and designating which platforms are subject to the new rules.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3197
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-11-04
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Platform Competition and Opportunity Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3197.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-04.

What are the main provisions?

Key points include:

  • Prohibits large digital platforms from acquiring companies if the acquisition value exceeds $50 million or if the acquired company is a competitor.
  • Establishes definitions for "covered platform" (large digital platform) based on user numbers and market value.
  • Allows citizens and states to sue large digital platforms for violations of this act, with the possibility of obtaining damages.
  • The Federal Trade Commission and the Department of Justice will be responsible for enforcing the provisions and designating which platforms are subject to the new rules.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law