Washington, D.C. — U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement after the revised "American Innovation and Choice Online Act" was introduced in the Senate:
“This legislation would irreparably harm the American economy and innovation. It fails to address bipartisan concerns that it would undermine our national security, cybersecurity, privacy, and international competitiveness—and harm consumers. Such an approach will fuel further inflation, limit choices, and undermine investment in innovation by injecting regulatory uncertainty into the marketplace at the worst possible time.
“Moreover, last minute cosmetic tweaks to address the bill’s well-documented shortcomings are woefully insufficient. Instead, the sponsors have rushed ahead intentionally avoiding any hearings to thoughtfully evaluate the bill. American innovators and businesses of all sizes deserve better. The legislation is too consequential to not have been properly vetted as it seeks to remake an entire tech ecosystem that has made the United States the envy of the world. But it won’t just impact the tech sector—it seeks to upend the role of antitrust in an effort to give government sweeping authority to regulate entire industries and micro-manage our economy.”