Senate won’t vote on tech antitrust bill until summer break: Klobuchar

Chairman of the U.S. Senate Rules and Administrative Affairs Committee Sep. Amy Klobuchar (D-MN) is chairing an oversight hearing of the Senate Committee on Rules and Administrative Affairs to review the US Capitol police following the attack on the Capitol on January 6, 2021, one day before the anniversary of the attack in Washington, USA on January 5. 2022.

Elisabeth Franz | Reuters

most promising tech antitrust bill to pass Congress will not receive a vote before the summer holidays, his main sponsor, the senator. Amy Klobuchar, Minnesota, said in a recent interview with MSNBC’s Symone.

Klobuchar said Saturday that she spoke with Senate Majority Leader Chuck Schumer, DN.Y., last week about holding a vote on the US Innovation and Online Choices Act in the fall. Axios.

“Obviously we won’t be able to do that this week due to the large number of votes we have on the Inflation Reduction Act,” she said, according to the Axios transcript.

The Klobuchar bill, co-sponsored by Senate Judiciary Committee ranking committee member Chuck Grassley, D-Iowa, would bar dominant technology platforms from using their own products over those of competitors that rely on their services. This can have a significant impact on how companies like Amazon, Apple as well as Google for example, display search results on their marketplaces.

Supporters of the bill say reform is needed to balance power in digital markets and allow new innovators to flourish. But critics, including tech companies, argue that the bill would worsen the consumer experience, potentially weakening security standards and the ability of platforms to discard harmful products from their marketplaces. Klobuchar and other supporters of the bill deny this.

Schumer had previously said he intended to put the bill to a vote by early summer, Axios was be the first to report in May. But while Klobuchar and others have expressed confidence the bill will win a credible majority if it is introduced on the Senate floor, Schumer has yet to schedule a vote in the last week of Senate meetings before the August recess.

The bill may get another chance later this year after the midterm elections, although there is little time left for that. Many of the bill’s supporters believe it will be much more difficult to pass if the Republicans gain control of the House of Representatives, as many pollsters predict. And supporters fear that the longer it takes to put the bill to a vote, the more time tech lobbyists will have to sow the seeds of doubt in the minds of lawmakers.

Klobuchar’s office did not immediately respond to a CNBC request for comment.

Subscribe to the CNBC YouTube channel.

WATCH: Here’s Why Some Experts Are Calling For Big Tech’s Breakup Following House Antitrust Report