Buck and myself in this important bipartisan effort,” said Jeffries. I thank Senators Klobuchar and Cotton for joining Rep. The Platform Competition and Opportunity Act will help make a stronger online economy to benefit all Americans. We must also ensure that consumers can choose what online platform to patronize without one or two companies entrenching the entire market and removing all choice. “For innovation to thrive in our modern economy, start-ups and small businesses must be able to compete directly with industry giants. Under this bill, the largest tech monopolies will have the burden of proving that further acquisitions are lawful and good for the American people,” said Cotton.

“Big tech firms have bought up rivals to crush their competition, expand their monopolistic market share, and to harm working Americans. It’s past time to address our nation’s monopoly problem and modernize our antitrust laws for the digital economy.” “This bipartisan legislation will put an end to those anticompetitive acquisitions by making it more difficult for dominant digital platforms to eliminate their competitors and enhance the platform’s market power. But today, we’re increasingly seeing companies choose to buy their rivals rather than compete,” said Klobuchar. “Competition is critical to protecting workers and consumers and spurring innovation. Senators Amy Klobuchar (D-MN), Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, and Tom Cotton (R-AR) introduced bipartisan legislation to make it more difficult for dominant online platforms to make acquisitions that harm competition and eliminate consumer choice. The Platform Competition and Opportunity Act will help stop anticompetitive mergers and acquisitions by dominant online platforms

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