"Warren and Graham Unite to Establish New Agency for Big Tech Regulation"
Senators Elizabeth Warren and Lindsey Graham have introduced a bipartisan bill to establish a new federal agency called the Digital Consumer Protection Commission, aimed at regulating online platforms and holding big tech firms accountable for anti-competitive practices and consumer privacy violations. The proposed agency would ban self-preferencing by tech giants like Amazon, Meta, and Google, authorize and review mergers, and address national security risks posed by foreign ownership of tech platforms. The bill aims to provide additional oversight and complement the work of existing regulatory bodies, with Warren drawing on her previous success in creating the Consumer Financial Protection Bureau. The senators will need to gain more support and push for a hearing before the bill can pass.