Competition reform could happen this year.
statements criticizing her legislation, warning that it would hurt consumers rather than help them. Industry-backed lobbying groups were more explicit. Chamber of Progress, a group funded by Amazon, said that the bill would “eliminate both the funding model and logistics model that make Prime,” a popular company service, “possible.”. “It’s not like we’re trying to make them or all of their innovations go away. Of course not. That’s ridiculous,” she said.
“Everyone’s trying to win a popularity contest with the tech companies. You’ve got to come to grips that these companies will be fine. They’re trillion-dollar companies. We’re just making space for competitors,” she said.While the Biden administration appears eager to take on corporate power this year, its efforts could be sullied by more pressing issues as lawmakers return to their districts looking to tout big Democratic wins as the midterm elections heat up.
Political wins are measured in how they affect the everyday lives of voters. In a year overwhelmed by crises — like the administration’s responses to COVID-19 and inflation — antitrust reform isn’t likely to be top of mind for voters in either party. Still, Klobuchar argued that her bills would drop prices in online markets like Amazon and give parents more control over what their children see on social media.
But even if Democratic leaders Chuck Schumer and Nancy Pelosi find the time to bring the antitrust bill to the floor, it doesn’t mean that they’ll be able to secure the votes for the legislation to pass. While many Republicans and Democrats support competition reform, others argue that it’s unnecessary and could result in more harm to companies and consumers. Sen. Dianne Feinstein sparred with Klobuchar over the bill in last week’s markup, suggesting that the administration opposed it.
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