Washington, D.C. (06/27/2022) – A new opinion piece in The Hill by Krisztina Pusok and Steve Pociask of the American Consumer Institute demonstrates why the American Innovation and Choice Online Act (AICOA) has come at the worst possible time for consumers and disregards voter priorities like reducing inflation.
…There is no doubt that AICOA represents an unprecedented disregard towards consumers, families, workers, and the economy, which are all already struggling from spiraling inflation…
…Not only are AICOA’s supporters tone-deaf to the looming impact of a recession, but they also ignore the reality that cracking down on large companies might result in higher — not lower — consumer prices…A recent survey by American Edge Project shows that almost 9 in 10 Americans want the government to prioritize policies that reduce inflation and the cost of living…
…AICOA also contains provisions that would prohibit targeted companies from providing free ancillary services…and require platforms…to share customer data with third-party vendors, which could have extensive negative ramifications for consumer data privacy and security…It is evident that the Senate bill under consideration would “create more problems than it solves,” especially under the current economic uncertainty…
To read the full article, click here.
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