Lindsey Graham and Elizabeth Warren: We need a nimble, adaptable new agency with the expertise, resources and authority to rein in the tech giants that control our digital lives.
our data. And if we want to know how our data is being used or why our posts are being taken down, good luck getting an answer. We’re usually in the dark about where our data goes or how it is used.
For more than a century, Congress has established regulatory agencies to preserve innovation while minimizing harm presented by emerging industries. In 1887 the Interstate Commerce Commission took on railroads. In 1914 the Federal Trade Commission took on unfair methods of competition and later unfair and deceptive acts and practices. In 1934 the Federal Communications Commission took on radio .
Our legislation would guarantee common-sense safeguards for everyone who uses tech platforms. Families would have the right to protect their children from sexual exploitation, cyberbullying and deadly drugs. Certain digital platforms have promoted the sexual abuse and exploitation of children, suicidal ideation and eating disorders or done precious little to combat these evils; our bill would require Big Tech to mitigate such harms and allow families to seek redress if they do not.
Our bill would set clear rules for tech companies and impose real consequences for companies that break the law. For the giant companies, anticompetitive practices — like exploiting market dominance, tying the sale of one product to another, charging customers different prices for the same product and preventing employees from working for competitors — would be prohibited.
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