“We need a nimble, adaptable, new agency with expertise, resources and authority to do the same for Big Tech,” the senators wrote.
also argue that there should be regulations around how companies use their data for targeted advertising and respond to any risks imposed by generative AI.Congress is too slow, it lacks the tech expertise, and the army of Big Tech lobbyists can pick off individual efforts easier than shooting fish in a barrel. Meaningful change — the change worth engaging every member of Congress to fight for — is structural.
The Federal Trade Commission and the Department of Justice will work alongside the commission to enforce the terms laid out in the bill and would require all “dominant platforms” to be based in the U.S. to ensure it doesn’t violate anticompetitive and anti-consumer laws. “ We need a nimble, adaptable, new agency with expertise, resources and authority to do the same for Big Tech,” the senators wrote.“For years I have been trying to find ways to empower consumers against Big Tech,” Graham told. “I have heard too many stories from families who feel helpless in the face of Big Tech. Stories about children being bullied to the point of committing suicide. Human trafficking. Exploitation of minors. All the while the social media platforms look the other way.
Lawmakers have been pushing for legislation that would regulate Big Tech companies but have faced continuous roadblocks caused by America’s extended protections of free speech laws, making platforms that primarily contain posts, messages, news reports, and videos increasingly difficult to regulate.The contingency against regulation grows when people raise questions about who will have the final say about what can and cannot be said online.
“Enough is enough. It’s time to rein in Big Tech,” Graham and Warren wrote in the op-ed. “And we can’t do it with a law that only nibbles around the edges of the problem. Piecemeal efforts to stop abusive and dangerous practices have failed.”The pair concluded, “No company, no industry, and no CEO should be above the law. These reforms will ensure that the next generation of great American tech companies will operate responsibly while remaining on the cutting edge of innovation.
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