The American Innovation and Choice Online Act (AICOA) and its House companion would have serious negative consequences for consumers and small businesses and do irreparable harm to American innovation and competition. Here’s what to read to get up to speed on the problems with these ill-conceived bills: 1. “Economic Study Finds Anti-Tech Bills To Cost […]
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 […]
In recent testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Chair of the Federal Reserve Jerome Powell explained that concentration and inflation are not related: Retail and tech have driven “very high productivity” and “very low inflation,” points out Federal Reserve Chair Powell. “At the aggregate level, the connection between concentration, for […]
As eyes turn to this week’s State of the Union address, it’s important to remember arbitrarily punishing the success of a select few companies could have negative consequences for inflation, national competitiveness, and the products consumers enjoy. Here’s what you need to know: — Anti-tech measures are not the solution to inflation concerns and could […]
The administration has made clear that protecting consumers and keeping prices down are key to its agenda, yet some are advocating for antitrust enforcement changes that would harm consumers, reduce convenience, and raise prices. For example, while administration economists argued that corporations were not to blame for unprecedented inflation, some in the administration are at […]
During today’s Senate Judiciary Committee markup of Senator Amy Klobuchar’s American Innovation and Choice Online Act, Senator Dianne Feinstein expressed significant concerns, noting: “It is not really the type [of bill] we usually consider where rules are laid out and everyone is expected to comply. Instead, it is specifically designed to target a small number […]
Despite a last minute manager’s amendment that acknowledges but does nothing to address the key weaknesses of the bill, the Senate Judiciary Committee will today markup Senator Klobuchar’s American Innovation and Choice Online Act, a radical breakup bill in disguise that would arbitrarily punish America’s leading tech companies. Here’s what to read to get yourself up to […]
Despite what you may have heard, current antitrust bills will not address inflation. Sen. Klobuchar’s American Innovation and Choice Online Act (AICOA), which is set for a markup tomorrow, could make inflation worse by creating inefficiencies and raising the price of low cost and free digital services. In fact, inflation has remained low within the […]
Sen. Klobuchar’s American Innovation and Choice Online Act could break convenient and low-cost technology products and services that hundreds of millions of consumers enjoy. This bill does nothing to protect consumers but instead aims to hamstring some companies at the benefit of others. Here’s the price that consumers will have to pay because of Sen. […]
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.
No spam, we promise.
