PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Advocate for Entrepreneurs and Small Businesses Offers Warning in Response to “Big Tech” Antitrust Bills Introduced in House

By at 11 June, 2021, 3:56 pm

NEWS

For Immediate Release

Washington, D.C. – Today, House Antitrust Subcommittee leaders introduced five bills aimed at “reining in” America’s biggest technology companies. Small Business and Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement in response to the proposed legislation:

“As we continue to read the detailed text of the bills introduced today, we will review and unpack how these significant regulatory and antitrust changes will impact the startup ecosystem and the millions of small businesses that are using the biggest technology platforms – among other tools and strategies – to successfully run and grow their businesses. We are concerned that various proposals could cut off access to the massive consumer markets provided by the platforms, and actually harm innovation and choice in the marketplace. Millions of entrepreneurs are using these platforms to start or grow businesses, and certainly during the pandemic, digital tools and platforms have been a lifeline for countless small businesses in reaching and serving new and existing customers.

“Big regulatory bills such as these often have unintended consequences for, and a disproportionate impact on, entrepreneurs and small businesses. As the debate continues on the legislative package, we will weigh in on these potential harmful consequences for America’s small business sector and the competitiveness of the U.S. economy.”

CONTACT:

Karen Kerrigan, kkerrigan@sbecouncil.org

Raymond J. Keating, rkeating@sbecouncil.org  

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

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