The TransAtlantic Consumer Dialogue today writes to President Biden to express its concerns regarding the views expressed by the Secretary Gina Raimondo on the European Union’s efforts to legislate on digital markets with its flagship Digital Markets Act (DMA) to make them fairer and more open, and so benefit consumers.
The DMA does not target U.S. companies but rather targets companies that are in a position to define how goods, services, and information reach customers and which too often turn this position to their advantage to the detriment of competition and consumers’ interests. Indeed, we note that the various legislative initiatives in the U.S., such as the American Innovation and Choice Online Act, would regulate exactly the same types of companies.
The TACD calls on the Biden Administration to support and to work constructively with the EU in order to serve our common interests by ensuring that consumers on both sides of the Atlantic finally have the protection they need in the digital economy.
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About TACD:
The TACD is a forum of U.S. and EU consumer organisations which develops and agrees on joint consumer policy recommendations to the US government and European Union to promote the consumer interest in EU and US policy making.