White House plans antitrust push targeting Big Tech
The White House is planning a post-midterms push for antitrust legislation that would rein in the power of the world’s largest tech companies, a last-ditch effort to get a stalled pair of bills through Congress before a predicted Republican takeover in January.
“We are very committed to moving ambitious legislation in this area,” said Brian Deese, director of the National Economic Council, in a phone interview.
The lame-duck period after Tuesday’s election may be the last shot to pass the landmark legislation, the American Innovation and Choice Online Act and Open App Markets Act. The bills, which would prevent the tech companies from using their platforms to thwart competitors, would mark the most significant expansion of antitrust law in over a century.
Republicans have made it clear they won’t support the bills if they retake control of either chamber of Congress. That has supporters urging the White House to mount a push in the final weeks before a new Congress is seated early next year.
The effort comes after advocates criticized the White House for failing to prioritize the legislation, which major tech companies have spent more than $100 million to defeat. Google, Amazon.com, Apple and Meta Platforms all oppose the bill.
“There is bipartisan support for antitrust bills, and no reason why Congress can’t act before the end of the year,” said White House spokesperson Emilie Simons. “We are planning on stepping up engagement during the lame duck on the president’s agenda across the board, antitrust included.”
Versions of both bills have made it through committees but await action by the full House and Senate. If Congress doesn’t act before the end of the year, it will likely be years before lawmakers pass any legislation to crack down on the power of the tech giants.
Ultimately, the future of the bills lies with Senate Majority Leader Chuck Schumer, who will decide whether to bring the measures to a vote before the end of the year. Advocates hope the White House will specifically focus its outreach on him.
“It is great to see the White House leaning into important and popular legislation, and we now have a real chance to get it over the finish line,” said Alex Harman, director of government affairs at anti-monopoly group Economic Security Project.
The White House has issued statements in support of the trust-busting legislation. However its congressional affairs team has remained notably hands-off, according to supporters and congressional aides familiar with the White House’s outreach.