Some lawmakers now criticize Europe's DMA (Digital Markets Act) since they believe that it is unfair towards U.S. tech firms.
A worker assembles a data center module container at the Rittal stand at the 2013 CeBIT technology trade fair the day before the fair opens to visitors on March 4, 2013 in Hanover, Germany. CeBIT will be open March 5-9.
A bipartisan lawmaker group urges U.S. President Joe Biden to talk with the European leaders to "alter language" in their proposed Digital Markets Act (DMA)The group of lawmakers, led by Reps. D-Wash, Darin LaHood, RI11., and Suza Delbene said they are currently concerned about the EU's DMA.
Europea's DMA is Unfair Towards U.S. Tech Firms?
DMA is a legislative proposal of the European Commission to ensure a higher degree of competition in the E.U. Digital Markets.
visitor looks at Panasonic ETW5 energy efficient Smart TV flat-screen televisions at the Internationale Funkausstellung (IFA) 2012 consumer electronics trade fair on August 31, 2012 in Berlin, Germany. IFA 2012 is open to the public from today until September 5.
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This act's main goal is to prevent large companies from taking advantage of their power, allowing new tech firms to enter the EU's market.
However, some lawmakers claimed that DMA is quite unfair towards U.S. tech firms since this proposal considers them gatekeepers, as CNBC reported.
Because of this, the bipartisan group of lawmakers provided a letter claiming that DMA should somehow be adjusted.
Is DMA Really Beneficial
Europe claims that DMA offers many benefits for tech firms and tech employees. These include the following:
- New opportunities to compete and innovate in the online platform environment.
- Tech service and product consumers will have more options, allowing them to choose the product or service that best suits their budget and needs.
- A fairer business environment is expected to fall upon business users who depend on gatekeepers.
The mentioned details above are just some of the benefits that DMA offers. If you want to see more details about the Digital Markets Act, you can visit this link.
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Written by: Griffin Davis
