The American Innovation and Choice Online Act (AICOA) has been reintroduced in the U.S. Senate. The bill mirrors legislation that failed to gain meaningful support in the last Congress. AICOA would undermine America’s leading businesses, damage our economy, endanger our privacy, and threaten our national security. It undercuts American innovators while letting China and our other foreign competitors off the hook.

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97 percent of voters want to see action on issues that matter to them with only 3 percent saying regulating tech is a priority.

If legislation such as the American Innovation and Choice Online Act were to pass, small and medium-sized businesses would lose roughly $500 billion in sales in just the first five years after passage, similar to a “regulatory tax” on small businesses of 5.2% of their sales.

AICOA would harm startups by increasing costs to develop products and services, increasing costs to reach and/or service customers, and reducing customer demand and revenue.

Lawmakers From Both Parties Are Concerned About AICOA

“I have remaining concerns about privacy and security, our global competitiveness, and about services that are widely popular with consumers and my constituents."

Sen. Chris Coons (D-DE)

“I worry this bill, by disadvantaging American companies, will basically be a big gift to the People’s Republic of China.”
Sen. John Cornyn (R-TX)
"I’m concerned that this really is going to be very dangerous legislation. It may end up giving a very competitive advantage to large global businesses that narrowly escape being regulated by the bill.”
Sen. Dianne Feinstein (D-CA)

PAST STATEMENTS

TechNet Statement on New Analysis Showing How the American Innovation and Choice Online Act Would Disrupt, Slow the U.S. Economy

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TechNet Statement on the Revised American Innovation and Choice Online Act in the Senate

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Rep. Eric Swalwell Calls for CIA, FBI, and NSA Hearing on Tech Antitrust Legislation

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ICYMI: Former Cabinet Secretaries, CIA Directors, Military Leaders, and Other National Security Officials Raise Concerns over Tech-Targeted Antitrust Bills in Congress Amid Escalating Russian Cyber Threats

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TechNet Statement on the Need for a National Privacy Law Instead of an Attack on our Economy

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TechNet Statement on Senate Judiciary Committee Advancing Bill That Threatens Our Economy and National Security

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Fact Check: Sen. Cornyn Rightfully Expresses National Security Concerns Over American Innovation and Choice Online Act

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Fact Check: Sen. Feinstein is Right to Raise National Security Concerns About Anti-Innovation Bill

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TechNet Statement on the Senate Judiciary Committee Markup of the American Innovation and Choice Online Act

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TechNet Calls on the Senate Judiciary Committee to Hold Hearings on the American Innovation and Choice Online Act

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