Legislation aimed at reining in the power of giant technology companies appears to have hit a wall after Senate Majority Leader Chuck Schumer told a group of donors Tuesday evening that he doesn’t believe there are enough votes to pass the measure.
Schumer called the bill a “high priority,” but said the Senate doesn’t have the 60 votes needed to approve it, according to people who attended a fundraiser for Schumer at Bistro Bis, a restaurant near Capitol Hill.
Schumer (D-NY) was asked about the bill during an evening question-and-answer session with donors at swanky Capitol Hill eatery Bistro Bis. He responded by saying that the bill was a “high priority” but doesn’t have the votes to pass.
Schumer’s comments were first reported by Bloomberg.
The bill, called the American Choice and Innovation Online Act, would bar companies from “self-preferencing” their own products in search results.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.