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The European Commission aims to secure an accelerated deal with EU lawmakers by the end of March to curb the power of tech giants like Apple, Amazon and Meta.
Margrethe Vestager, who was the first to propose the Digital Markets Act, said good progress had been made in the negotiations and said the Commission aims to reach a “political deal” by the end of March, Reuters reports.
“If we can do that, it will be legislation at almost lightning speed,” she said at a European Parliament hearing.
The Digital Markets Act would end self-esteem by tech giants in the European Union. It was introduced in 2020 along with the Digital Services Act, which would tackle illegal or harmful content by urging platforms to quickly moderate it.
Apple has spoken out against antitrust law. In 2021, Apple CEO Tim Cook said the proposals could pose a threat to the security and privacy of Apple’s iPhone, among others.
However, the EU continues with its competition rules. EU lawmakers previously said they could reach a deal on the legislation by the end of June 2022.
This post European Commission seeks agreement on antitrust laws by the end of March
was original published at “https://appleinsider.com/articles/22/03/16/european-commission-aims-to-reach-deal-on-antitrust-laws-by-end-of-march?utm_medium=rss”
