Big Technology Podcast

Bonus: Senator Amy Klobuchar On How Congress Will Take On Big Tech

Mar 13, 2021
Senator Amy Klobuchar, Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, delves into Congress's strategies to regulate big tech. She discusses the implications of a Democratic majority in Congress, emphasizing potential antitrust actions. Klobuchar reflects on lessons from the Obama era, urging a reassessment of optimism about tech firms. The conversation highlights bipartisan efforts for robust antitrust legislation and the critical need for resources in regulatory agencies to combat monopolistic practices.
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ANECDOTE

Elevator Mishap

  • Amy Klobuchar recounts an elevator incident where a former senator mistook her for a non-senator.
  • The senator apologized after Klobuchar's staffer, Jake Sullivan (current National Security Advisor), clarified her position.
INSIGHT

Regulation as Revitalization

  • Senator Klobuchar believes the tech industry shouldn't fear regulation, but rather see it as a way to revitalize the market.
  • She argues regulation fosters competition and allows new players to emerge, ultimately strengthening the economy.
INSIGHT

Growing Bipartisan Support for Antitrust

  • There's growing bipartisan interest in antitrust legislation, extending beyond just tech to agriculture, cable, and pharmaceuticals.
  • Klobuchar highlights increased support from Senators like Mark Warner for her antitrust bill, aiming to increase agency funding.
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