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Antitrust

11/05/2021

Klobuchar and Cotton introduce legislation to regulate Big Tech acquisitions

Carl Szabo
Carl Szabo Vice President and General Counsel

NetChoice, a tech industry trade group that includes Amazon, Google and Facebook among its members, criticized the bill, saying it would drive investors out of the American tech sector and disadvantage U.S. tech companies globally. Despite the bipartisan support for the legislation, the group sought to pit Republicans against it.

“As Republicans look to take back Congress from the hands of the Democrats, they should not support legislation that provides the Biden administration an incredible amount of unchecked power to run the U.S. economy how they see fit,” Carl Szabo, NetChoice’s vice president and general counsel, said in a statement.
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