Elizabeth Warren and Lindsey Graham want a new agency to regulate tech
Politics,Joe Biden,Hunter Biden,Burisma,Ukraine,House Oversight And Accountability Committee
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.
Under the proposal released Thursday by Sen. Elizabeth Warren, a Massachusetts Democrat, and Sen. Lindsey Graham, a South Carolina Republican, Congress would establish a new regulatory body with the power to sue platforms β or even force them to stop operating β in response to various potential harms to customers, rivals and the general public, including anticompetitive practices, violations of consumer privacy and the spread of harmful online content.
The new regulator would have broad jurisdiction, covering not just social media platforms or e-commerce but also the rapidly evolving field of artificial intelligence. 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 arenβt directly named in the legislation.
βFor too long, giant tech companies have exploited consumersβ data, invaded Americansβ privacy, threatened our national security, and stomped out competition in our economy,β Warren said in a statement. βThis bipartisan bill would create a new tech regulator and it makes clear that reining in Big Tech platforms is a top priority on both sides of the aisle.β
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