 Technology |
Technology |
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Warren, Graham partner on bill to regulate tech giants |
Sens. Elizabeth Warren (D-Mass.) and Lindsey Graham (R-S.C.) are teaming up on legislation to create a new agency that would have the power to regulate tech giants. |
© Greg Nash, The Hill / Getty |
The bipartisan Digital Consumer Protection Commission Act, unveiled Thursday, would create an agency charged with oversight of Meta, Google, Amazon and other large tech companies and seek to promote industry competition and consumer privacy online. The commission would work alongside the Federal Trade Commission (FTC) and Department of Justice (DOJ), the agencies that currently operate as antitrust enforcers, according to the bill. The legislation would also set regulations in place requiring "dominant platforms" to be licensed and allow for licenses to be removed for repeated anticompetitive and anti-consumer conduct violations. The bill is the latest effort from Congress to rein in the power of tech giants. Warren and Graham's proposal seeks to target tech regulation more broadly by creating a commission specifically tasked with oversight of the booming industry. The legislation would also grant the new commission with oversight over how to respond to emerging risks, including from artificial intelligence (AI) — an area where lawmakers and regulators have been scrambling to understand and put rules in place. Read more in a full report at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Ines Kagubare — tracking the latest moves from Capitol Hill to Silicon Valley. |
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How policy will be impacting the tech sector now and in the future: |
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House Judiciary Chairman Jim Jordan (R-Ohio) put the panel's scheduled vote on whether to hold Meta CEO Mark Zuckerberg in contempt of Congress on hold Thursday after he said the social media company provided additional documents to the committee. "Based on Facebook's newfound commitment to fully cooperate with the Committee's investigation, the Committee has decided to hold contempt in abeyance. For now. To be clear, contempt … |
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| A Senate bill that takes aims at credit card "swipe fees" won't make it into annual defense policy legislation, but sponsors of the Credit Card Competition Act struck a deal with leadership to have it come to the floor for a vote by the end of the year, a source close to the talks told The Hill. "We were given assurances that the Credit Card Competition Act will be given a vote this Congress," Sen. Roger Marshall (R-Kan.), … |
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High prices in the real estate market and the larger economy are leading homeowners to look for ways to leverage their home’s equity. An analysis of Google searches for "heloc," a home equity line of credit, reached an all-time high, up 305 percent as of July 2023, according to a study from the real estate platform RubyHome. Searches were highest in Hawaii, Utah and Colorado. A home equity line of credit allows owners … |
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A bipartisan group of House members introduced a bill Thursday to designate space as a critical infrastructure sector, a move aimed at ensuring the rapidly evolving industry gets adequate resources and future security protections.
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News we've flagged from the intersection of tech and other topics: |
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EU probes Microsoft in possible violations of antitrust regulation |
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Prosecutors dismiss charge against FTX founder |
Federal prosecutors announced that they were dropping a charge against Sam Bankman-Fried related to campaign finance rules, The New York Times reported. |
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Branch out with other reads on The Hill: |
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As e-bikes proliferate, so do deadly fires blamed on exploding lithium-ion batteries |
NEW YORK (AP) — The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As the ubiquity of e-bikes has … |
WASHINGTON (AP) — The powerful algorithms used by Facebook and Instagram to deliver content to users have increasingly been blamed for amplifying misinformation and political polarization. But a series of groundbreaking studies published Thursday suggest addressing these challenges is not as simple … |
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Two key stories on The Hill right now: |
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Florida Gov. Ron DeSantis (R) had a back-and-forth with a reporter on a campaign stop in Iowa Thursday over his state's newly passed controversial … Read more |
| Congressional Democrats on Thursday introduced legislation that would immediately cut interest rates to 0 percent for all 44 million student loan borrowers … Read more |
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Opinions related to tech submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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