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Apple, Google Targeting Market Control Bill Approved By US Senate Panel: Latest Updates

Introduction:

Apple, Google Targeting Market Control Bill  Updates: With the exception of Sens. John Cornyn (RTexas) and Thom Tillis (RNorth Carolina), all members of the Senate Judiciary Committee voted in favour of a bill aimed at limiting Apple and Google‘s app store market power (RN.C.).

During the Thursday roll call, Tillis was recorded as voting in favour of moving the bill forward, but his vote was then altered to a “no” vote against moving the bill forward, according to a committee spokesperson.

Despite voting to approve the bill, several Republicans on the committee, as well as two California Democrats, expressed similar concerns about potential cybersecurity risks as Cornyn. It’s the committee’s second significant antitrust bill this year, following a favorable vote on the American Choice and Online Innovation Act last month.

Apple, Google Targeting Market Control Bill Approved By US Senate Panel

Although the Open App Marks Act received even more committee support on Thursday, the measure may face obstacles if it is brought to the Senate floor for a full vote.

Proponents of the bill, which has the support of a bipartisan group of senators, argue that it will provide safeguards for internet companies that, they claim, are acting as gatekeepers and suffocating competition through restrictive app store standards.

“It’s critical that our legislative agenda evolves with the times, and technology has overtaken legislation to the point where more onerous restrictions are now required to rein in big tech.

I’m not here to dissolve corporations; rather, I’m here to put executives and boards of directors on notice. We’re not going to let you use your clout to get out of this one “Sen. Marsha Blackburn (RTenn.) stated the following.

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apple, google targeting market control bill approved by us senate panel

The law would prohibit major app store owners, such as Apple and Google, from restricting users of their devices to use only their app marketplace, preventing developers from using alternative payment systems, and charging up to 30% commission fees.

The techniques have been condemned by developers as anticompetitive. According to Richard Blumenthal, these fees and restrictive policies raise prices and limit consumer options (UConn.).

“If you’re a consumer, this measure implies lower costs, more innovation, better products, and more consumer safeguards by allowing new entrants to compete on values like privacy and children’s safety,” he said. Several senators expressed fear that the plan would expose cybersecurity weaknesses, a point that tech companies and industry groups have hammered home as well.

Conclusion:

According to Richard Blumenthal, these taxes and restrictive restrictions raise prices and limit consumer options (D-Conn.).”If you’re a consumer, this measure implies lower costs, more innovation, better products, and more consumer safeguards by allowing new entrants to compete on values like privacy and children’s safety,” he said.

Several senators expressed fear that the plan would expose cybersecurity weaknesses, a point that tech companies and industry groups have hammered home as well.

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Surekha V A
Surekha V Ahttps://premierenext.com/
My name is Surekha Venkatesh , am from Shimoga, Karnataka. I am studying a Bachelor of commerce in Jnn college, Shimoga at Kuvempu University. I am interested in cycling, cooking and reading books. And I am capable of handling a variety of responsibilities in high-pressure situations.
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