Lawmakers in Washington are about to take a major step toward modifying America’s antitrust laws and departing from the consumer welfare standard that has guided antitrust thought since the 1970s. While the American Innovation and Choice Online Act (AICOA) still has legislative barriers to clear, its mark-up today is an essential step toward it arriving on President Biden‘s desk. While Big Tech skeptics will undoubtedly cheer the announcement of a mark-up, the passage of AICOA could cause irreparable harm to American consumers and small businesses who depend on unimpeded access to online marketplaces operated by big tech platforms.
You can read the entire opinion piece at The Hill.