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AMERICA Act
12/15/2023, 4:06 PM
Summary of Bill S 1073
One key aspect of the AMERICA Act is its focus on promoting research and development in key industries such as technology, manufacturing, and healthcare. The bill includes provisions for increasing funding for research grants and programs that support innovation and technological advancement.
Additionally, the AMERICA Act aims to strengthen the US workforce by investing in education and training programs that will help Americans acquire the skills needed to compete in the global economy. This includes funding for vocational training, apprenticeship programs, and workforce development initiatives. The bill also includes measures to support small businesses and entrepreneurs, such as providing access to capital and resources to help them grow and succeed. This is seen as crucial for driving economic growth and creating jobs in communities across the country. Overall, the AMERICA Act is a comprehensive piece of legislation that seeks to address key challenges facing the US economy and ensure that America remains competitive in the global marketplace. It is currently being debated in Congress, with supporters arguing that it will help drive innovation and economic growth, while critics raise concerns about the cost and potential impact on government spending.
Congressional Summary of S 1073
Advertising Middlemen Endangering Rigorous Internet Competition Accountability Act or the AMERICA Act
This bill limits certain large digital advertising companies from owning multiple types of advertising exchanges or brokerages and imposes certain duties with respect to the interests of the customers of such brokerages. Advertising exchanges and brokerages generally facilitate advertisers and publishers in buying and selling advertising inventory through an automated bidding process.
Specifically, companies with more than $20 billion in annual digital advertising revenue are prohibited from owning more than one type of service within the digital advertising marketplace. For example, a company, such as Google, may not own a digital advertising exchange and provide software that assists publishers of online advertisements in selling advertising space on their websites.
Additionally, companies with more than $5 billion in annual digital advertising revenue that provide brokerage services to buyers or sellers of digital advertisements must act in the best interest of their brokerage customers. The bill also establishes transparency and privacy requirements for such brokerages.
The bill provides for enforcement of these requirements by the Department of Justice, state attorneys general, and private right of action.
