Washington, D.C. — Following the Senate Judiciary Committee’s passage of the American Innovation and Choice Online Act (S.2992), the American Economic Liberties Project today released the following statement.
“Despite millions of lobbying dollars by monopolists spent to influence lawmakers, a bipartisan group of Senators just stated with a clear voice that Big Tech is too powerful,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “With growing bipartisan appetite to break the power of Big Tech, the Senate should continue to reassert its power over the handful of men whose corporations undermine economic dynamism, eviscerate the free press, and threaten our democracy itself. This requires the Senate to put an end to 40 years of deference to a pro-concentration judiciary and a small cadre of pro-monopoly economists. It also means advancing legislation to break up Big Tech firms and restore competitiveness and transparency to markets that currently have neither.”
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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.