Congress Blew Its Last Chance To Curb Big Tech's Power

Tech platforms spent millions opposing sweeping antitrust reforms, and their lobbyists may soon be able to breathe a giant sigh of relief -- at least for the next few years. From a report: Early Tuesday morning, the House Committee on Appropriations released a more than 4,000-page bill stacked with congressional priorities. But notably, a pair of antitrust bills that received broad bipartisan support was not included in the final measure. The bills were approved out of the Senate Judiciary Committee nearly a year ago, but they haven't yet been brought up for a floor vote. As part of a last-ditch effort to approve the bills, lawmakers tried to attach them to the must-pass spending bill, but the effort did not receive the backing necessary from congressional leadership. For more than three years, lawmakers have held dozens of hearings and introduced a number of bipartisan bills to reform the tech industry. But the Open App Markets Act (OAMA) and the American Innovation and Choice Online Act (AICO) saw the most support, despite expensive lobbying campaigns from tech companies opposing them. Sen. Richard Blumenthal's (D-CT) timely OAMA would ban tech giants like Google and Apple from strong-arming third-party developers to enter into anticompetitive agreements to be hosted on their company app stores. The AICO, spearheaded by Sens. Chuck Grassley (R-IA) and Amy Klobuchar (D-MN), would have stopped Big Tech companies from providing preferential treatment to their own products and services across their platforms.

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