CCIAMisguided #antitrust bills like #AICOA hinder #innovation and present significant harms to consumers.
Re-introduced #tech-targeted #antitrust bills like #AICOA & #JCPA lack strong factual basis & sound #economics - issues raised by bipartisan lawmakers as well as experts from @mercatus years ago.
#AICOA presents serious economic, competition, & national security risks. CCIA is disappointed to see this flawed legislation reintroduced despite losing 5 co-sponsors, and failing to address bipartisan concerns.
Despite failure last Congress and the loss of 5 co-sponsors, #AICOA was reintroduced without addressing serious competition, national security, and economic concerns with the legislation.
Competition & #antitrust bills like #AICOA that use EU-style “injury-to-rivals” tests to intervene protect competitors from competition and hinder the #innovation that has brought consumers lower prices & better #digital products.
Experts from @mercatus pointed out the lack of strong factual basis & sound #economics behind #tech-targeted #antitrust regulation years ago- a critique that remains relevant for bills like #AICOA & #JCPA this session.
As @abaantitrust’s #ATspring meeting draws to a close, CCIA’s @econwags explains how misguided #antitrust bills like #AICOA “would detract from consumer welfare by punishing businesses for innovation and intense price competition.” #ABAantitrust
As the @ABAesq kicks off its annual #antitrust week, CCIA reminds policymakers of the reasons why flawed #competition proposals like #AICOA failed last session.
Anti-tech bills like #AICOA put foreign tech companies at an advantage by weakening leading U.S. #tech companies with targeted regulation.
Read more from CCIA President @MSchruers:
https://www.project-disco.org/competition/should-the-u-s-import-its-tech-industrial-policy/
