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Sources: Senate Majority Leader Chuck Schumer told donors at a fundraiser that the AICO Act to pare back the power of Big Tech companies doesn't have the votes

Senate Majority Leader Chuck Schumer told a group of donors that he doesn't believe that there are enough votes in the Senate …

Bloomberg Emily Birnbaum

Discussion

  • @s8mb Sam Bowman on x
    Interesting. And relevant to the UK as it considers whether to revive the DMU or not, and how that would affect its regulatory position relative to the US and EU. https://twitter.com/...
  • @jesselehrich Jesse Lehrich on x
    can't think of a worse look than @SenSchumer falsely telling a bunch of lobbyists & donors the bipartisan bills to #ReinInBigTech can't pass, as protesters outside demand the vote he promised 6 months ago. https://www.bloomberg.com/... https://twitter.com/...
  • @jordanuhl @jordanuhl on x
    Meta (formerly Facebook) has already spent over $10 million on lobbying this calendar year—making it the 7th highest spender on lobbying. Last year it spent over $20 million. https://twitter.com/...
  • @maxnesterak Max Nesterak on x
    Klobuchar said in a statement on Tuesday night that “we were promised a vote on this bill and we take him at his word.” https://twitter.com/...
  • @philipletsou Philip Letsou on x
    At a PAC fundraiser with Microsoft lobbyists, Schumer says Big Tech bills can't pass and might not even get a vote—even though he promised one. This just after Schumer made a quick trip to Seattle over recess. https://twitter.com/...
  • @tednesi Ted Nesi on x
    A big blow to @davidcicilline if true. Among those not yet on board: his delegation colleague @SenJackReed https://twitter.com/...
  • @zanderkelly30 Christopher D. White on x
    The votes are there. He's running out the clock https://twitter.com/...
  • @stephiethelefty @stephiethelefty on x
    At least one of these bills already has 9 Republicans on board, and that's just on the Judiciary committee. It has Josh freaking Hawley's support! But with Chuck Schumer's daughters both working prominent jobs for big tech, he will make sure these bills die this session. https://…
  • @robslater10 Rob Slater on x
    Probably great news to those donors! https://twitter.com/...
  • @zaidjilani Zaid Jilani on x
    Chuck Schumer tells donors he doesn't think there's enough votes in the Senate to pass the Tech antitrust bill. Chuck Grassley, Iowa Republican, has said there are enough votes. https://www.bloomberg.com/...
  • @birnbaum_e Emily Birnbaum on x
    SCOOP — Chuck Schumer told a group of donors tonight that he doesn't believe there are enough votes in the Senate to pass a piece of antitrust legislation intended to pare back the power of the big tech companies, according to people in the room. https://www.bloomberg.com/...
  • @helenbrosnan Helen Brosnan on x
    This is what you say when you have the tech lobbyists on your most recent calls list... https://twitter.com/...
  • @aghose Anindya Ghose on x
    This is a very detailed piece on the potential impact of the tech antitrust bill on various tech companies and their products, accompanied by cool graphics. https://twitter.com/... https://twitter.com/...
  • @neil_chilson @neil_chilson on x
    On 1) Here are the companies likely currently affected: Only U.S. companies plus TikTok. Note that the criteria relies on revenue and # of users not on market share of a particular service. Odd, since the claim is that these companies have a “stranglehold.” https://twitter.com/..…
  • @leah_nylen @leah_nylen on x
    I spent the past month doing a deep dive into how American Innovation and Choice Act would work if passed https://www.bloomberg.com/...
  • @digitaldemoc @digitaldemoc on x
    Here's what you need to know to make sure this bill passes and the longstanding anti-competitive behavior of #google #amazon #meta are finally addressed. Needed to ensure fair prices for #consumers #smallbusinesses https://twitter.com/...
  • @neil_chilson @neil_chilson on x
    Upshot of this far-too-rosy piece by @leah_nylen: 1) The bill targets U.S. companies not foreign competitors; 2) It will make your phone & services less convenient; 3) Congress isn't sure which services are “bad” so it hands power to Biden admin to decide. https://www.bloomberg.c…
  • @vfranz73 Vera Franz on x
    Good explanation (plus handy visualisation) of the American Innovation and Choice Act under discussion at the moment #antimonopoly https://www.bloomberg.com/...
  • @birnbaum_e Emily Birnbaum on x
    This beautiful graphic breaks down how exactly the big tech antitrust legislation would work. Check out the fab work of @leah_nylen: https://www.bloomberg.com/...
  • @benvol Ben Volach on x
    “Likewise, Apple and Google may no longer be able to pre-install their own apps on smartphones and other devices if those apps have competitors.” https://twitter.com/...
  • @neil_chilson @neil_chilson on x
    On 2), could mean no preinstalls on your phone mean; setup is going to be more complicated than it was. Less convenient flight or product search results too. https://twitter.com/...
  • @neil_chilson @neil_chilson on x
    On 3, and this is the biggie: the bill hands tons of discretion to partisan leaders at DOJ & FTC. Bill supporters don't know which services are problematic so Biden appointees are going to determine how your internet works until, you know, Trump or DeSantis appointees do. https:/…
  • @daveyalba Davey Alba on x
    Huge fan of being able to comprehend, visually and practically, what these giant antitrust bills mean for us! Scroll through the whole thing here, with assistance from the geniuses at @BBGVisualData https://www.bloomberg.com/... https://twitter.com/...