Bipartisan Lawmakers Want to Prevent DMA Unfair Target to US Tech Firms, Urging Biden to Reach Out EU Leaders

Some lawmakers now criticize Europe's DMA (Digital Markets Act) since they believe that it is unfair towards U.S. tech firms.

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.

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.

In our previous report, Digital World experienced a shared surge after Truth Social debuted on Apple App Store. Meanwhile, small businesses are now affected by Amazon ads' rising prices.

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Written by: Griffin Davis