Big Tech CEOs came to Capitol Hill to fight tech regulation — now it’s stalled

Big Tech CEOs came to Capitol Hill to fight tech regulation — now it’s stalled

finance.yahoo.com


Summary : This summer has seen a steady parade of tech CEOs quietly heading to Capitol Hill.
Apple (AAPL) CEO Tim Cook stopped by recently, as did Google (GOOG, GOOGL) CEO Sundar Pichai and Amazon (AMZN) CEO Andy Jassy. A Google executive contended earlier this year “the vague and sweeping provisions of these bills would break popular products.” But the Democratic leader has repeatedly said, including again this week, that he isn’t sure the support is there yet.
In the meantime, tech companies have gotten notice for the breadth of their lobbying effort against the bill: from bundling money for midterm election efforts to spending millions on advertising around the country.

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