August 13, 2022
Sen. Chuck Schumer commits to bring antitrust law to a vote

Majority leader Chuck Schumer plans to put up an antitrust bill designed to rein in Big Tech to the vote — possibly in the fall — a Democrat spokesman told The Post exclusively.

“Sen. Schumer is working with Sen.[Amy]Klobuchar and other supporters to gather the necessary votes and plan to bring it up to the vote,” Schumer spokesman Angelo Roefaro told The Post in a statement. Referring to the antitrust law in the statement, he said.

A Hill source close to the law says there are still some concerns that need to be addressed — like concerns that cracking down on the technology could also hurt companies’ content moderation efforts.

The source also told The Post that Democrats are worried about getting enough Republicans to get the 60 votes needed to pass the bill — which means Democrats in the 50-50 Senate need to be “airtight.”

Schumer’s on-the-record commitment comes as The Post reported the bill’s top Republican backer, Sen. Chuck Grassley of Iowa, slammed Schumer for dragging his feet.

Chuck Grassley
Sen. Chuck Grassley has called on Schumer to bring the antitrust law to the floor.
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“This is the last time a majority leader brings up our bipartisan antitrust bill while cracking down on Big Tech’s anti-competitive behavior,” Grassley told The Post last month. “We need a certain date for the vote, and I ask Sen. Schumer to name one — if not before the August recess, this fall.”

After years of pushing the law, antitrust advocates are thrilled with the promise that Schumer will push the law.

“It’s clear that what hasn’t killed this bill has made it stronger,” Luther Lowe, senior vice president of public policy at Yelp, told The Post. “Crores have been spent to slow down this law and those efforts have not worked.”

Even when Schumer publicly applauded the law, saying it was a “high priority,” he delayed bringing anything to the floor despite it. report that he will push the law earlier this summer.

The bipartisan bill, co-sponsored by Grassley and Klobuchar (D-Min.), would undermine the power of tech giants like Amazon and Meta to reduce market competition.

Sen. Klobuchar has said he expects the bill to be brought to the floor this fall.
Sen. Amy Klobuchar has said she has votes for the law.
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The Internet Innovation and Choice Act – or the so-called “non-discrimination bill” – would prevent platforms from “self-prioritizing” their content. For example, Amazon will no longer be able to promote its own goods on third-party sellers on its e-commerce platform.

Last Saturday, Klobuchar said on MSNBC that she and Schumer have discussed bringing the bill to the floor in the fall.

While Schumer has served his time, Amazon, Apple, Meta and Google combined spent more than $35 million in the first half of this year on lobbying efforts, Bloomberg told Last week. Companies have also filled the Beltway airwaves with ads protesting antitrust bills and bought ad space in influential newspapers such as the Politico Playbook.

The Post was the first to report that both of Schumer’s daughters are on the payrolls of companies Schumer is supposed to regulate.

Nancy Pelosic
Speaker Nancy Pelosi has yet to indicate support for the no-confidence bill.
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Of course, even if the bill takes it past the Senate, his partner bill will also have to make it through the House—which some insiders say could present an even bigger hurdle.

While Schumer has said that she supports the Klobuchar-Grassley bill, House Majority Leader Nancy Pelosi (D-Calif.) has not, saying instead that she supports technical regulation.

Pelosi has come under scrutiny for profiting from these tech companies, as her husband Paul made millions of actively trading stocks of companies like Google.

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