House Judiciary To Markup Bills Directing Regulators To Alter Business Models Of Some Tech Companies

BY Heather Greenfield
June 22, 2021

Washington – The House Judiciary Committee is scheduled to markup several bills that would be a radical departure from the way the U.S. has regulated businesses. The so-called antitrust bills cover a broad range of issues and new rules that would apply to only a few tech companies but not other competitors, including some Chinese companies.

The legislation has come under criticism from moderate Democrats and Republicans in recent days for conflicting with legislation in the Senate that seeks to boost the U.S. tech industry as it competes with China and other countries. The bills that would harm our own tech industry are being marked up just a week after President Biden warned U.S. allies in Europe not to target U.S. companies for discriminatory treatment.

The Computer & Communications Industry Association had sent a letter to House Judiciary leaders earlier this month asking them to hold hearings on the various bills aimed at a handful of tech companies.

CCIA has advocated for policies promoting competition in the tech industry since 1972. The following can be attributed to CCIA President Matt Schruers:

“These bills unreasonably target leading U.S. tech companies that have improved users’ experience with innovation, efficiency, and low-cost or free-to-the-user services. By singling out a handful of popular, consumer-centric businesses, these industrial policy bills are anti-consumer.

“These bills would harm consumers and thousands of smaller businesses that use digital services to reach worldwide markets.  They put the U.S. economy and the U.S. position as a leader in innovation at risk. Instead of boosting U.S. innovation to compete with threats from abroad, as did the recently enacted USICA, these bills would dis-incentivize innovation by affording foreign rivals a free ride on a few U.S. companies’ R&D investments.”

Related Articles

New Economic Impact Analysis Reveals Cost of Proposed Tech Regulations Would Total up to $109 Billion for Public Sector Workers; $1.02 Trillion for U.S. Investors

May 20, 2022

Washington – A new economic impact analysis by the Computer & Communications Industry Association reveals that proposed regulations in antitrust bills like S. 2992 and H.R. 3816 would come at a major cost for U.S. investors and pension plan members such as teachers, firefighters, and nurses. Troubling findings show that by the late 2030s, increased…

Ad Tech Bill Would Alter Law, Digital Advertising Business For Some Companies, Setting Dangerous Precedent For Antitrust Regulation

May 19, 2022

Washington – A newly introduced bill in the Senate would bar companies that process $20 billion in digital ad transactions from participating in the digital ad ecosystem. The bill introduced by Sen. Mike Lee, R-Utah, is among the more aggressive and narrowly tailored among various bills aimed at the tech industry. The bill gerrymanders regulations…

CCIA Provides Remarks in Support of Maintaining Flexible, Adaptable Merger Guidelines at FTC-DOJ Listening Forum

May 18, 2022

Washington – As part of a broader series on the impact of mergers and acquisitions, the Federal Trade Commision (FTC) and the Antitrust Division of the Department of Justice (DOJ) last week hosted a public listening forum on merger control with a focus on the technology industry. After submitting comments to the FTC and DOJ’s…