Statement on Raimondo's "Serious Concerns" About EU's Attempt to Rein In Big Tech

This morning, Commerce Secretary Gina Raimondo expressed "serious concerns" about the European Union's continued consideration of legislation that would help limit the monopolistic power of technology giants around the world. Secretary Raimondo called on EU officials to listen to US tech giants "now more than ever."

The following statement can be attributed to Ginger Quintero-McCall, legal director at Demand Progress:

"Secretary Raimondo's comments about European efforts to address Big Tech's dominant power are highly concerning and inconsistent with President Biden's executive order on competition and the positions of many of his most prominent appointees with jurisdiction over corporate power. Many agencies within the Biden administration are currently working in line with the President's order to find ways to take on Big Tech, and representatives of the US government should not be interfering with the EU's attempts to do the same.

"This is not a matter of the EU targeting US national companies. It is the EU targeting monopolies, some of which are based in the US - and action by the EU is poised to benefit smaller companies and consumers across the globe, including in the US. We should not allow for the interests of massive corporations to be conflated with the interests of the American people."