Year of reckoning for Big Tech: How U.S. lawmakers plan to rein in companies like Facebook and Google in 2022 | CBC News

Legislation is planned in the United States for Big Tech companies, including Twitter, Google and Facebook.

"I think Big Tech today represents the biggest accumulation of power, market power and monopoly power that the world has ever seen," Republican Sen. Ted Cruz of Texas said at a congressional hearing in April. Antitrust bills introduced in Congress this year will be the subject of intense debate next year. Lawmakers are likely to focus on efforts to clamp down on the reach of Big Tech companies and reform the country's fair competition laws.

Minnesota Democrat Sen. Amy Klobuchar has introduced a bill to increase the budgets of federal agencies tasked with the enforcement of fair competition rules. In June, Biden appointed Lina Khan, a well-known critic of Silicon Valley and a 32-year-old associate law professor at Columbia University in New York, as head of the Federal Trade Commission.

Lina Khan testifies during a hearing on her nomination for chair of the Federal Trade Commission on April 21, 2021, in Washington, D.C. The other big lift for Congress in regulating Big Tech will be on content moderation and censorship. In March, tech executives from Facebook, Google and Twitter were grilled in Congress about the role their platforms may have played in fuelling the Jan. 6 Capitol insurrection in Washington, D.C.

Ok now that you gave kids in grade school a feel for journalism and let them write headlines ,can we get back to the real world?

KrisReyes somehow managed to avoid *any discussion* of the basic obstacles to reining in big tech, kudos Kris👍

And Canada remains spineless on issues surrounding these monopolies.

KrisReyes somehow managed to avoid discussing the obstacles to reigning in big tech, kudos👍

As soon as we can draft it in a way that doesn't affect our investments whatsoever.

Good. They should do the same for cryptocurrency, too. Legislate the hell out of it. Make it illegal, if possible.

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