Warren and Graham join forces to propose agency for Big Tech regulation.
Senators Propose Creation of Agency to Regulate Big Tech
Two influential senators from both sides of the political spectrum are joining forces to propose the establishment of an agency dedicated to regulating and licensing Big Tech companies.
Sens. Elizabeth Warren (D-MA) and Lindsey Graham (R-SC) recently announced their introduction of the Digital Consumer Protection Commission Act. This bipartisan bill aims to create an independent agency that will focus on licensing and monitoring tech giants like Meta, Google, and Amazon.
“For too long, giant tech companies have taken advantage of consumers’ data, invaded Americans’ privacy, jeopardized our national security, and stifled competition in our economy,” Warren stated. “This bill, supported by both Democrats and Republicans, will establish a new tech regulator and clearly demonstrates that reining in Big Tech platforms is a top priority for all.”
Protecting Consumers and Safeguarding the Future
The proposed commission would implement safeguards to shield children from sexual exploitation, cyberbullying, and drug-related content. It would also hold tech companies accountable for any acts of “speech suppression” and equip the government to address emerging threats posed by technologies like generative artificial intelligence. Additionally, the commission would ensure the protection and privacy of user data.
Graham emphasized the significance of creating a regulatory commission to oversee Big Tech, stating, “This is just the first step in a long journey to safeguard American consumers from the immense power currently held by these companies.”
The bill, introduced shortly before the August recess, currently lacks co-sponsors, making its future uncertain.
It is worth noting that Warren has previously played a key role in establishing new agencies. As a Harvard law professor, she was instrumental in the creation of the Consumer Financial Protection Bureau in 2010, a federal agency aimed at shielding users from fraudulent practices.
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