American Innovation and Choice Online Act

The American Innovation and Choice Online Act targets large online platforms (termed "covered platforms") with significant user bases or revenue, specifically those meeting thresholds like 50 million US monthly active users or $550 billion in annual sales. It prohibits covered platforms from favoring their own products/services over others, using business users' nonpublic data to compete with them, or restricting business users' access to data or platform features. The law would be enforced by the FTC and Department of Justice, with potential civil penalties up to 10% of a platform's US revenue for violations. The law would take effect one year after enactment, with agencies required to issue enforcement guidelines to clarify implementation. This legislation aims to promote competition by preventing anticompetitive conduct by dominant digital platforms.