Regulation

With great fanfare, California Governor Gavin Newsom recently signed “historic” legislative package designed to “advance an abundance agenda.” It’s a nod to the recent (and fashionable) book Abundance by the liberal bloggers Ezra Klein and Derek Thompson, and it’s supposed to reform a state best known for a punitive cost of living and chronic shortages of everything essential – including housing, water, and energy.  Key to Newsom’s new legislation are Assembly Bill 130 and Senate Bill 131, both of which make fundamental changes to how the California Environmental Quality Act (CEQA) is enforced.

A new proposal from Senator Michael Bennet would effectively put unelected bureaucrats in charge of Big Tech. Bennet, a Colorado Democrat, sees a suggested five-member panel, called the Federal Digital Platform Commission, as a needed brake on the growth and reach of technology companies. “Although the Federal Trade Commission and the Department of Justice have done admirable work to enforce existing antitrust and consumer protection laws, they lack the expert staff, resources, and tech-oriented culture necessary for robust and sustained oversight,” Bennet remarked. “Both bodies to date have acted reactively to challenges raised by Big Tech, when proactive, long-term rules are needed.

A major anti-Big Tech bill is heading to the floor of the Senate after a frustrating markup session in the Judiciary Committee. The American Innovation and Choice Online Act, as it's called, majorly changes how online retailers can sell and promote their own branded wares and apps. It even bans Amazon and Google from suggesting their own products over those of a third party. Supporters from both sides of the aisle are portraying the bill as a great leveler of sorts. They believe it helps consumers and the so-called “little guy” against the Big Tech companies.