The bipartisan Digital Consumer Protection Commission Act, unveiled Thursday, would create an agency charged with oversight of Meta, Google, Amazon and other large tech companies and seek to promote industry competition and consumer privacy online.
The commission would work alongside the Federal Trade Commission (FTC) and Department of Justice (DOJ), the agencies that currently operate as antitrust enforcers, according to the bill.
The legislation would also set regulations in place requiring “dominant platforms” to be licensed and allow for licenses to be removed for repeated anticompetitive and anti-consumer conduct violations.
The bill is the latest effort from Congress to rein in the power of tech giants.
Warren and Graham’s proposal seeks to target tech regulation more broadly by creating a commission specifically tasked with oversight of the booming industry.
The legislation would also grant the new commission with oversight over how to respond to emerging risks, including from artificial intelligence (AI) — an area where lawmakers and regulators have been scrambling to understand and put rules in place.
Read more in a full report at TheHill.com.
