James Clapper, former Director of National Intelligence, warns that the proposed anti-tech legislation, the American Innovation and Choice Online Act (AICOA), sponsored by Senators Amy Klobuchar and Chuck Grassley, will hurt American national security. His op-ed expands upon arguments in an earlier open letter penned by Clapper and other national security experts. Clapper writes, “Recently […]
A group of distinguished law and technology academics sent a letter to Democratic Senators, responding to Rep. Cicilline’s claim that Section 230–which immunizes online services from publisher liability for content provided by third parties–will prevent abuse of AICOA to attack leading tech companies’ content moderation practices. The letter is addressed to Brian Schatz (D-HI), Ron […]
Geoffrey Manne, president and founder of the International Center for Law and Economics (ICLE), highlights how the American Innovation and Choice Online Act (AICOA) would imperil the tech startup ecosystem. Here are the highlights: While AICOA doesn’t explicitly prohibit acquisitions, it would decrease the incentives that drive many to acquire startups. “Of course, AICOA doesn’t […]
Antitrust expert and Stanford Law Professor Doug Melamed published a detailed analysis of the flaws in the American Innovation and Choice Online Act (AICOA) and why the Senate should not pass the bill. Melamed, the former Acting Assistant Attorney General in charge of the Department of Justice Antitrust Division and Principal Deputy Assistant Attorney General, […]
A group of former U.S. economic and national security officials sent a letter to Republican congressional leaders expressing strong concerns about proposed anti-tech legislation — specifically, the American Innovation and Choice Online Act (AICOA) and the Open App Markets Act — that could weaken America’s national security. Signatories include Larry Kudlow, former Director of the […]
Democratic Senators Brian Schatz (D-HI), Ron Wyden (D-OR), Ben Ray Luján (D-NM), and Tammy Baldwin (D-WI) sent a letter urging Senator Amy Klobuchar to address a “significant issue” with the American Innovation and Choice Online Act (S. 2992) as it would “hinder content moderation practices.” The senators, along with a diverse group of prominent legal […]
This week, a coalition of nearly 180 state and local chambers of commerce from 46 states sent a letter to “strongly oppose” anti-tech bills that would “fundamentally rewrite” American antitrust law to “protect competitors rather than consumers,” creating different rules for certain leading American companies “based on arbitrary criteria.” The letter emphasizes: — “These bills […]
In a recent paper, legal professor and economist Erik Hovenkamp found that recent anti-tech proposals “would threaten incentives for competition and innovation.” Here are the highlights: Self-preferencing is “ubiquitous, and not only in concentrated markets.” “To begin, it is worth noting that mild self-preferencing is in fact ubiquitous, and not only in concentrated markets. Whenever […]
Adobe Analytics recently announced the latest round of digital inflation data from the Adobe Digital Price Index (DPI), finding digital inflation continued to slow, falling to 2.0% in May, while CPI, the economy-wide measure of inflation, hit a new four-decade high. Additionally, a new report from the Progressive Policy Institute (PPI)’s Innovation Frontier Project “finds […]
Despite this week’s press conference, the revisions to the House and Senate antitrust bills do nothing to address the wide range of concerns raised by a variety of stakeholders, including Senators and Representatives, America’s leading tech innovators, and experts from national security, industry, and civil society. Here are some of the key concerns: 1. The […]
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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