According to this month’s Consumer Price Index (CPI), inflation rose 8.3% from a year earlier, remaining higher than expected and dampening hopes cost pressures on consumers would subside. At the same time, digital inflation only rose 0.4% according to the Adobe Digital Price Index (DPI). With inflation not easing as expected and the warning from […]
Antitrust experts have expressed concerns that the FTC has been taking steps that would unilaterally boost its power and potentially allow for more politically motivated enforcement. Perhaps U.S. Chamber’s Sean Heather put it best when he said that “[b]y mixing antitrust and legislative rulemaking, you wind up with the worst of both worlds.” Here are […]
The U.S. Chamber of Commerce released a poll by AXIS Research which found that, when told what the legislation could do, 70% of voters oppose Congressional anti-tech bills. While some other polls claim that anti-tech legislation has support, when pollsters explained to voters how the bill would affect them, they found just the opposite. Additionally, […]
The latest version of Sen. Klobuchar’s American Innovation and Choice Online Act (AICOA) has many experts concerned about what the bill means for online content moderation, and the sponsors seem to be divided on the answer. Sponsors of the bill have been inconsistent about their stated purpose of AICOA regarding content moderation: — Senator Klobuchar, […]
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 […]
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 […]
The Department of Justice’s (DOJ) recent endorsement of the anti-tech American Innovation and Choice Online Act (AICOA) and its House companion ignores the bills’ real-world harms. This letter focused on protecting competitors rather than consumers, while suggesting antitrust should be used as a vehicle to promote a particular ideology, contradicting the White House’s stated competition […]
A new study by NERA Economics, commissioned by CCIA, finds that proposed antitrust bills in the House and Senate would cost the U.S. economy a total of up to $319 billion over time. This is the first economic study to offer policymakers quantified costs on the package of proposed legislation that would fundamentally reshape antitrust […]
Anti-tech legislation, like Sen. Klobuchar’s American Innovation and Choice Online Act (AICOA), would harm American small and medium-sized businesses (SMBs) by destroying many of the free and affordable digital tools and services these businesses rely on to grow, compete and succeed. Small business owners and groups from across the country have raised numerous concerns about […]
Sens. Amy Klobuchar (D-MN) and Chuck Grassley (R-IA)’s American Innovation and Choice Online Act prohibits Google from showing a range of helpful search results but allows Google’s competitors to show the same information. The bill bans Google search results from showing: 1. Google Flights but allows Expedia to show its flight results 2. Google Business […]
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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