California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee

  • 📰 CNBC
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

If Rep. Lou Correa ascends to the role, it would be a stark reversal in attitude at the top of the subcommittee that has sought to rein in Big Tech power.

that aimed to rein in the power of the top players in the industry by preventing them from favoring their own products in their marketplaces or by prohibiting the ownership of two businesses that present a conflict of interest.

Things could still change, but Correa is well-positioned based on his seniority. Correa's team has spoken with Judiciary staff about possible subcommittee priorities, according to a House staffer, and a vote could happen in the next couple of weeks.One senior Democratic aide described the prospect of Correa becoming ranking member as a "great windfall for the tech companies." If he ascends to the top Democratic role, he would sit beside Chair Thomas Massie, R-Ky.

While Cicilline and Buck championed bills that sought to crack down on what they saw as unfair practices by Big Tech companies and supported increased funding to antitrust enforcement agencies, Correa opposed the tech antitrust bills andfor the Federal Trade Commission and Department of Justice Antitrust Division.

Democrats are in the minority in the House, so whoever fills the position won't get to set the agenda for the subcommittee. But several sources who spoke with CNBC said Correa's track record suggests tech antitrust would take a back seat for a while in the subcommittee if he gets the nod. Already, the types of bills that

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Democrat Rep Hoyle received campaign donations from cannabis entrepreneurs who applied for grant she oversawRep. Val Hoyle, D-Ore., accepted congressional campaign donations from a handful of cannabis entrepreneurs who were awarded a taxpayer-funded grant she oversaw during her tenure as Oregon's labor commisioner.
Source: FoxNews - 🏆 9. / 87 Read more »

PolitiFact - Claim that California Rep. Eric Swalwell is facing charges lacks proofThere is no proof that Rep. Eric Swalwell, D-Calif., is facing charges after speaking at a House Judiciary Committee hearing.
Source: PolitiFact - 🏆 17. / 71 Read more »

'Selling Sunset' star Jason Oppenheim announces split from Marie-Lou NurkJason Oppenheim has announced that he and his girlfriend of 10 months, Marie-Lou Nurk, have broken up. “While we still love and care about each other very much the distance between us has proven to be too great a challenge to overcome.'
Source: TODAYshow - 🏆 389. / 55 Read more »

VAV's Lou is the final member teaser for 'Subcönscióus' | allkpopVAV, a 6-member boy group from A Team Entertainment, has announced their 7th mini album titled 'Subcönscióus.' This will be the first come…
Source: allkpop - 🏆 573. / 51 Read more »

Democrat Joe Manchin to vote with GOP to block student-debt reliefDemocratic Sen. Joe Manchin says he will vote with Republicans to overturn Biden's student-debt relief plans, saying it 'forces hard-working taxpayers who already paid off their loans' to 'shoulder the cost'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Debt ceiling: Republicans emerge from fight complaining about 'Democrat bill'Republicans emerged from the debt ceiling fight blasting party leadership for pushing a bill that passed through the House with more support from Democrats than the GOP.
Source: dcexaminer - 🏆 6. / 94 Read more »