Klobuchar leads bipartisan American Innovation and Choice Online Act to rein in power of Big Tech companies and support competition

WASHINGTON - U.S. Senator Amy Klobuchar (D-MN), Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, issued the statement below following the announcement that the Federal Trade Commission, joined by Attorneys General from 17 states, including Minnesota, filed an antitrust case against Amazon.

“America’s prosperity is built on hard work, open markets, and fair competition. But right now we’re facing a monopoly problem as dominant digital platforms like Amazon increasingly use their power to increase prices, preference their own products and services, and harm small businesses. These anticompetitive practices are bad for consumers, entrepreneurs, and businesses, and I commend the Federal Trade Commission for taking action. 

The case for reinvigorating competition policy and putting in place rules of the road for Big Tech companies is clear. I will continue to push for updates to the antitrust laws, including the bipartisan American Innovation and Choice Online Act, to strengthen our economy and make sure consumers can get the fair treatment they deserve.”

In June, Klobuchar and Senator Chuck Grassley (R-IA) as well as Senators Dick Durbin (D-IL), Senate Judiciary Committee Chair, Lindsey Graham (R-SC), Senate Judiciary Committee Ranking Member, Richard Blumenthal (D-CT), Josh Hawley (R-MO), Mazie Hirono (D-HI), Mark Warner (D-VA), and Cory Booker (D-NJ) reintroduced the American Innovation and Choice Online Act. This bipartisan legislation would restore competition online by establishing common sense rules of the road for dominant digital platforms to prevent them from abusing their market power to hurt competition, online businesses, and consumers. 

Last year, the American Innovation and Choice Online Act made history as the first digital competition bill since the dawn of the internet to advance in Congress when it passed the Senate Judiciary Committee with a 16-6 vote.  In December 2022, Klobuchar and Grassley’s Merger Filing Fee Modernization Act became law as part of the end of year funding package. This legislation updated merger filing fees for the first time since 2001, lowering fees on smaller acquisitions and increasing them for the largest mergers, raising additional revenue that Congress can use to fund antitrust enforcement.  

###