Bipartisan bill proposes new federal agency to regulate Big Tech on competition, privacy, and online harms
- Sens. Elizabeth Warren and Lindsey Graham introduced legislation to establish a Digital Consumer Protection Commission to oversee large technology companies.
- The bipartisan proposal aims to promote competition, strengthen privacy protections, and address issues like cyberbullying and exploitation.
- The commission would have the authority to enforce antitrust laws, block mergers, and revoke licenses of companies that repeatedly violate regulations.
- It would work alongside existing agencies like the FTC and DOJ to police anticompetitive practices and abuse of market power.
- Supporters argue the new regulator is needed to rein in Big Tech, while critics say it could stifle innovation and duplicate existing oversight.