American business supports EU bills aimed at containing tech giants
Software

American business supports EU bills aimed at containing tech giants from the United States

Business in the United States is not a homogeneous structure that always acts as a united front. American opponents of tech giants like Google in an open letter urged US Secretary of Commerce Gina Raimondo to meet in January in the context of her statements. She recently expressed concern over the intention of EU parliamentarians to pass legislation to contain major US IT platforms.

Source: oohhsnapp / pixabay.com

Source: oohhsnapp / pixabay.com

Yelp, News Media Alliance, REX and other US IT companies asked the minister for a meeting in the first half of January after Raimondo said the US administration is closely monitoring the process of considering the Digital Services Act and the Digital Markets Act under consideration in Europe.

“We are deeply concerned about the potential of these bills to disproportionately affect US-based tech companies and their ability to properly serve EU users and maintain security and privacy standards.”– said Raimondo.

Specifically, the Digital Services Act mandates large companies like Google, Amazon and Meta to make great efforts to combat illegal content posted on their platforms under the threat of fines of up to 6% of their annual global turnover. The Digital Markets Act includes a list of what American tech giants should and should not do – also under the threat of a fine in case of violations, in the amount of up to 10% of the company’s global turnover.

Istchonik: geralt / pixabay.com

Istchonik: geralt / pixabay.com

In a letter to the minister, representatives of smaller American businesses said many companies in the United States support the European initiative. “American companies have repeatedly expressed concern about the anticompetitive actions of the dominant Internet platforms and provided evidence to the European authorities in the preparation of draft EU laws.”, – reported in a letter to the minister. The letter expresses the hope that by interacting with overseas partners, the head of the ministry will work to promote the interests of all American companies and consumers.

The Commerce Department has already said that Raimondo generally supports the goals of European legislative initiatives and will discuss them with European legislators, but at the same time it is necessary to make sure that their laws are not aimed at selectively discriminating against American companies.

The letter to the minister was signed by representatives of Yelp, Felt, Genius, REX, News Media Alliance, Patreon, OfferFit and Beeper.

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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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