
Amazon Condemns Congress' Bill Against Big Techs for Unfairness

Amazon.com Inc condemned Congress’ bill for big techs that prohibits showing preference to their own businesses in their websites, indicating unfairness for not subjecting the same regulations to rivals.
The e-commerce giant fears the bill’s aftermath could put many small businesses that sell goods on its websites as its large fines for violations in the hot waters.
Amazon believes the bill “would make it difficult to justify the risk of Amazon offering a marketplace in which selling partners can participate”.
It said the bill would mandate "Amazon allow other logistics providers to fulfill Prime orders" and could make it "potentially impossible in practice, for Amazon and our selling partners to offer products with Prime's" free two-day shipping.
It retorted against the bill for targeting one retailer, Amazon, since it requires a market value of minimum $ 550 billion to qualify for the regulation, whereas Wakmart, Target and CVS were reported to be excluded from the same.
Amazon says that the bill "jeopardizes two of the things American consumers love most about Amazon: the vast selection and low prices made possible by opening our store to third-party selling partners, and the promise of fast, free shipping through Amazon Prime."
Big techs such as Meta Platforms Inc’s Facebook and Apple Inc have been under pressure in Congress amid allegations they have abused their outsized market power. A long list of bills have been proposed to rein them in, but reports say none become law.
According to media reports, the Senate might vote on the bill as soon as this month. Despite heavy lobbying from senior leaders including Apple CEO Tim Cook, the bill passed the Senate Judiciary Committee in January. Last year, it was also approved by the House Judiciary Committee.
Senators Amy Klobuchar and Chuck Grassley, co-sponsors of the American Innovation and Choice Online Act, said it is needed to defend small businesses. Small business organizations such as the Main Street Alliance and Small Business Rising have endorsed the bill.
Amazon says that the bill "jeopardizes two of the things American consumers love most about Amazon: the vast selection and low prices made possible by opening our store to third-party selling partners, and the promise of fast, free shipping through Amazon Prime."