A bipartisan bill called the Digital Consumer Protection Commission Act could give the United States a new regulator that could police big tech and deal with potential new threats like AI.
Democrat Elizabeth Warren and Republican Lindsey Graham are working together on new legislation called the Digital Consumer Protection Commission Act. It could lead to the establishment of a new federal agency that would be able to regulate tech giants such as Meta, Google, and Amazon.
According to The Hill, the new agency would work alongside the Federal Trade Commission (FTC) and the Department of Justice (DoJ). Its focus would be promoting industry competition and consumer privacy.
Under the bill, dominant platforms would be required to get a license to operate from the new agency and if they keep on committing anticompetitive and anti-consumer decisions, could get their license revoked.
