With landmark antitrust legislation looming, Big Tech CEOs pay a visit to Congress
Pichai is expected to meet with both Republicans and Democrats, one of the people said, and in addition to antitrust issues, the meetings may also cover a recent bipartisan push to develop digital privacy legislation. Pichai could also face questioning from Republican lawmakers who believe Google discriminates against conservatives, the people said.
“We regularly engage with lawmakers on both sides of the aisle on a range of issues including economic growth, small business support, immigration reform and cybersecurity,” said Jose Castañeda, a Google spokesperson. “We’ll continue to engage on issues relevant to people and businesses using our products.”
The CEOs’ hands-on engagement highlights the stakes of the next few months for the tech industry in Washington.
Congress is considering multiple antitrust bills, beginning with legislation led by Sens. Amy Klobuchar and Chuck Grassley that could erect strict barriers between a tech giant’s various lines of business. The proposal represents a direct challenge to Big Tech’s business models that encourage consumers to use multiple interlocking services owned by the same company.
Under the bill, for example, Google could be prevented from ranking its own restaurant reviews or YouTube links above other sites in search results, and Amazon could be prevented from selling its own branded goods on the e-commerce marketplace it currently shares with third-party sellers.
The tech industry has said the bill would threaten many features and services that consumers have come to depend on and that make their lives easier.
Backers of the bill — the American Innovation and Choice Online Act — have pushed for a Senate floor vote within the next few weeks, and Senate Majority Leader Chuck Schumer is said to be open to bringing the bill to the floor provided it has sufficient support.
Against that backdrop, the tech industry and its allies have sought to peel support away from the bill with a lobbying effort. In the first quarter of 2022, Apple spent $2.5 million on lobbying, a quarterly record for the company. Over the same period, Google spent $3.5 million, Amazon $5.3 million and Meta $5.4 million. Industry groups have spent millions on ads opposing the antitrust legislation.
Heightening the sense of urgency is the fact that Congress is running out of time to act this year. Surging consumer prices, the continuing war in Ukraine and the Jan. 6 hearings have dominated the congressional agenda. Once lawmakers break for August recess, few expect much progress in the fall, when the midterm elections are expected to take precedence. And a potential Republican takeover of Congress could also reshape the legislative landscape for Big Tech.
Quoted from Various Sources
Published for: Ipodifier