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