It seems that one of the few things on which Democrats and Republics in Congress can agree is they want to put constraints on the U.S. technology sector. Members of both the House and Senate have put forth at least five bills directed at limiting how large technology companies operate. The most notable of these efforts is the American Innovation and Choice Online (AICO) Act. Rather than seeking to create a more open and competitive environment in online business, this bill targets a small number of large tech companies, threatening them with draconian penalties for vague and hard-to-prove violations of arbitrary standards of competitiveness. These are precisely the firms that have led the way in creating the modern IT economy. Their products and services are used by most Americans and millions of large and small businesses. This misguided effort to shackle some of our best-performing companies will threaten U.S. economic recovery and national security. I have written a commentary on this subject here.
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