As the House prepares to vote on Rep. Jim Jordan for speaker, experts see a potential upside for big tech if the Ohio Republican wins.
If Republican Rep. Jim Jordan is elected the speaker of the House on Tuesday, tech giants like Google, Apple, and Amazon are likely to see major tech antitrust legislation put on hold during his speakership, political strategists and industry lobbyists told CNBC.A Jordan speakership"will make it nearly impossible to move any sensible bipartisan legislation to curb big tech's abuses of power," said a veteran tech lobbyist.
A Jordan speakership"will make it nearly impossible to move any sensible bipartisan legislation to curb big tech's abuses of power," said a veteran tech lobbyist who requested anonymity because he was not authorized to speak publicly."Instead, you'll see more performative anger over petty issues, designed to redirect attention away from the things that could actually hold big tech accountable," said the lobbyist.
For big tech companies, the prospect of bipartisan antitrust legislation passing in Congress would amount to a far more urgent threat to their businesses than a partisan content moderation bill. "When it comes to tech, Jordan has been primarily focused on speech and censorship issues, but he's aimed most of his ire at the Biden administration's pressure on companies - not the companies themselves," said Adam Kovacevich, the CEO of the pro-tech lobbying group Chamber of Progress.Apple Park is seen ahead of the Worldwide Developer Conference in Cupertino, California, on June 5, 2023.
Since 2020, Jordan's campaign and affiliated political action committees have received over $15,000 from either PACs or individual lobbyists for Google, Amazon, Apple, Microsoft, and Facebook parent company Meta, according to lobbying contribution reports filed to Congress.Not everyone in the Republican political ecosystem likes the idea of Jordan wielding the kind of power over tech legislation that he would as House speaker.
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