On the recordNovember 3, 2021
Mr. President, it was a pleasure to work on this legislation with Senator Klobuchar, so we joined forces--it happens to turn out that there are 10 of our Senate colleagues--in a bipartisan way to introduce this legislation that we call the American Innovation and Choice Online Act. This bill has garnered support from all sides of the political spectrum and, of course, is a very commonsense measure, which is meant to increase competition on dominant digital platforms. Today, there are only a handful of dominant companies that control what Americans can buy, what they hear, and what they say online. Big Tech has powers over the economy that we haven't seen in generations or perhaps ever, and this power grows even larger, taking over yet more of our daily lives. With this power, Big Tech is able to pick winners and losers on their platforms. The goal of the American Innovation and Choice Online Act is to ensure that Big Tech can be held accountable when they engage in a discriminatory and anticompetitive manner. This legislation sets clear rules that businesses on dominant platforms must follow. This will help promote competition by targeting harmful conduct, while ensuring that innovation and pro-consumer conduct is protected. I want to be clear. Big Tech platforms offer great products to their consumers. This isn't about breaking up companies or penalizing them for being successful.…





