WHAT: Louisiana Senators John Kennedy and Bill Cassidy are signed onto the American Choice and Innovation Online Act, a bi-partisan bill which would create a new level of bureaucracy at the Federal Trade Commission to regulate big tech.
WHY THIS MATTERS: This would be catastrophic for small businesses which have increasingly come to enjoy access to online marketplaces and platforms that go well-beyond their normal geographic clientele. The Act creates barriers to these services being offered by these tech giants. Half-a-million small businesses sell their products on Amazon’s marketplace, for example. Congress would now erect barriers for Amazon to continue to dominate this service.
This bill would impact these services:
· Google Search and Google Maps
· Locate your phone tracking
· Online food ordering and reservations
· Personal data security services
· Prime shipping
· Offering small and/or minority entrepreneur programs on Facebook or eBay marketplaces
HOW DID THESE BILLS START: They are an overreaction to attempts under the previous Administration to deal with first amendment complaints about the big-tech social media services but have gone too far in creating a new economic bureaucracy to control big tech; business organizations that oppose include U.S Chamber of Commerce, CATO, American Enterprise Institute and others.
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