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☆ Opinion | A Bipartisan Plan to Limit Big Tech
▼ + stars: | 2023-08-09 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “We Have a Way for Congress to Rein In Big Tech,” by Lindsey Graham and Elizabeth Warren (Opinion guest essay, July 27):The most heartening thing about the proposal for a Digital Consumer Protection Commission is its authorship. After years of zero-sum legislative gridlock, to see Senators Warren and Graham collaborating is a ray of hope that governing may someday return to the time when opposing parties were not enemies, when each party brought valid perspectives to the table and House-Senate conference committees forged legislation encompassing the best of both perspectives. David SadkinBradenton, Fla.To the Editor:Senators Lindsey Graham and Elizabeth Warren propose a new federal mega-regulator for the digital economy that threatens to undermine America’s global technology standing. A new “licensing and policing” authority would stall the continued growth of advanced technologies like artificial intelligence in America, leaving China and others to claw back crucial geopolitical strategic ground.

Persons: Lindsey Graham, Elizabeth Warren, Warren, Graham, David Sadkin Organizations: Rein In Big Tech, Consumer Protection Commission Locations: Fla, America, China

☆ Elizabeth Warren and Lindsey Graham want a new agency to regulate tech
▼ + stars: | 2023-07-27 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —Two US senators are calling for the creation of a new federal agency to regulate tech companies such as Amazon, Google and Meta, in the latest push by members of Congress to clamp down on Big Tech. The bill targets tech platforms including Amazon, Apple, Google, Meta, Microsoft, TikTok and Twitter, which now officially known as X, a Senate aide told CNN, though the companies aren’t directly named in the legislation. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security, and stomped out competition in our economy,” Warren said in a statement. Thursday’s proposal differs from Bennet’s bill, the aide said, in that it is in some ways more specific in its restrictions on the tech industry. It’s time to rein in Big Tech,” Graham and Warren wrote in an op-ed in the New York Times Thursday.

Persons: Sen, Elizabeth Warren, Lindsey Graham, ” Warren, Warren, Michael Bennet, ” Graham Organizations: Washington CNN, Google, Big Tech, Massachusetts Democrat, South Carolina Republican, Apple, Meta, Microsoft, Twitter, CNN, Digital Consumer Protection, Colorado Democrat, Big, New York Times, Federal Communications Commission, Nuclear Regulatory Commission, Federal Trade Commission, Department of Justice, FTC, DOJ Locations: Massachusetts, Big Tech, Colorado, United States

☆ Lindsey Graham and Elizabeth Warren: We Must Regulate Big Tech - The New York Times
▼ + stars: | 2023-07-27 | by ( Lindsey Graham | Elizabeth Warren | ) www.nytimes.com time to read: +3 min

Big Tech companies also prey on ordinary users. It’s time to rein in Big Tech. In 1975 the Nuclear Regulatory Commission took on nuclear power, and in 1977 the Federal Energy Regulatory Commission took on electric generation and transmission. We need a nimble, adaptable, new agency with expertise, resources and authority to do the same for Big Tech. Our legislation would guarantee common-sense safeguards for everyone who uses tech platforms.

Organizations: Big Tech, Big, Interstate Commerce, Federal Trade Commission, Federal Communications Commission, Regulatory, Energy Regulatory, Consumer Protection, Google Locations: China, Big Tech

Senator Elizabeth Warren (D-MA) listens during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, U.S., April 18, 2023. In addition to creating the regulatory commission, the proposed law would tighten antitrust law to forbid the companies from preferencing their own products over those of rivals. "This bipartisan bill would create a new tech regulator and makes clear that reining in Big Tech platforms is a top priority on both sides of the aisle," said Warren in a statement. Graham said the creation of the regulatory commission was "the first step in a long journey to protect American consumers from the massive power these companies currently wield." Amazon declined comment while Facebook and Google did not respond to a request for comment on the proposal.

Persons: Elizabeth Warren, Amanda Andrade, Rhoades, Lindsey Graham, Warren, Graham, Diane Bartz, Matthew Lewis Organizations: Banking, Housing, Urban Affairs, Capitol, REUTERS, WASHINGTON, Democrat, Republican, Facebook, Google, Big Tech, Federal Trade Commission, Digital Consumer Protection, Thomson Locations: Washington , U.S, Big Tech, Washington

☆ Big Tech super-regulator would be a super-dud
▼ + stars: | 2023-07-27 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, July 27 (Reuters Breakingviews) - Two U.S. lawmakers have an idea for reining in Big Tech: get someone else to do it. They include protecting young users of social media, and countering anticompetitive behavior. A new watchdog that sets out to safeguard young users would overlap with some of the Federal Communications Commission’s duties. Instead of spending time and taxpayer dollars on a super-regulator, lawmakers would do better to get their act together, and face Big Tech themselves. The proposal, introduced in the Senate on July 27, would set new rules for tech mergers, data security, and safeguards for young users, according to the essay.

Persons: Elizabeth Warren, Lindsay Graham, Warren, Barack Obama’s, Donald Trump, Joe Biden, Rohit Chopra, John Foley, Sharon Lam Organizations: Reuters, Big Tech, Democratic, Digital Consumer Protection, of Justice, Federal Trade Commission, Federal Communications, Consumer Financial Protection Bureau, Democratic U.S, New York Times, Thomson

☆ Big Tech super regulator would be a super dud
▼ + stars: | 2023-07-27 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

Persons: Elizabeth Warren, Lindsey Graham, Warren, Barack Obama’s, Donald Trump, Joe Biden, Rohit Chopra, John Foley, Sharon Lam Organizations: Reuters, Big Tech, Democratic, Republican, Digital Consumer Protection, of Justice, Federal Trade Commission, Federal Communications, Consumer Financial Protection Bureau, Democratic U.S, New York Times, Thomson

Now, two prominent senators are pushing to create a new federal agency to rein in the power of Big Tech. Elizabeth Warren, Democrat of Massachusetts, and Lindsey Graham, Republican of South Carolina, plan to introduce the Digital Consumer Protection Commission Act, which they say would restrain tech titans while letting them continue to innovate. But these companies have fought hard against increased oversight, and it’s unclear how a new agency will fit into a Washington already full of regulators. The bill is in the vein of legislation that established agencies to oversee fast-growing industries, much like how Congress created the Interstate Commerce Commission, the Federal Communications Commission and the Nuclear Regulatory Commission. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security and stomped out competition in our economy,” Ms. Warren told DealBook’s Ephrat Livni.

Persons: Elizabeth Warren, Lindsey Graham, Ms, Warren, DealBook’s Ephrat Livni Organizations: Apple, Meta, Microsoft, Big Tech, Republican, Digital Consumer Protection, Interstate Commerce Commission, Federal Communications Commission, Nuclear Regulatory Commission Locations: Massachusetts, South Carolina, Washington

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