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US antitrust law restricting tech giants may not have enough votes to pass

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The American Choice and Innovation Act, a bill proposed with power to rule in tech giants, may not have enough votes to pass, at least judging by what Senate Majority Leader Chuck Schumer said: reports Bloomberg. This bill aims to prevent tech giants from choosing their services over rivals. Now it looks like it may not become law yet.

The American Choice and Innovation Act antitrust law may not have enough votes to pass and become law

The American Choice and Innovation Act was passed as a proposal last year. If it becomes law, it will impose many restrictions on major tech giants, aiming to prevent them from engaging in anti-competitive practices. One of those limitations is preventing major tech giants from choosing their services over those of third parties. Companies that would be affected include Apple, Google, Meta and Amazon.

Senate Majority Leader Chuck Schumer reportedly said he doesn’t believe there will be enough votes to pass the measure, which he nonetheless called a “high priority.” The Senate needs 60 votes to pass the antitrust bill, but Senator Schumer reportedly stated they don’t have it. Previously, Schumer stated that the Senate’s priorities are currently semiconductor legislation, budget reconciliation and health care for veterans, and the antitrust law we are talking about here was not included. However, he was reportedly urged to bring the bill to the table in an effort to convince undecided lawmakers to vote for it, but it seems he doesn’t think it will be effective.

For now, the future of the bill seems uncertain. On the other hand, Europe is also working on similar accounts, such as the Digital Markets Act, which could go into effect next spring.

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