EU Parliament agrees on proposal to take on US tech giants – Software

The European Parliament on Thursday signed off on a proposal for new policies aimed at US tech giants, paving the way for talks on the system with member nations and the European Fee.

The Electronic Solutions Act, a proposal from EU antitrust main Margrethe Vestager, would power Amazon, Apple, Alphabet unit Google and Facebook owner Meta to do much more to tackle illegal articles on their platforms or chance fines up to 6 % of world-wide turnover.

Vestager’s proposal nevertheless needs to be ironed out with EU nations and lawmakers prior to it can become law, the to start with of its variety in the entire world.

The European Parliament adopted the proposal with 530 votes in favour, 78 towards and 80 abstentions.

“With a large greater part, the European Parliament adopted the Electronic Companies Act. A major acquire, with assist from left to correct,” Dutch lawmaker Paul Tang stated on Twitter.

Christel Schaldemose, a Danish lawmaker, who is leading the Parliament’s negotiating group, reported: “On the net platforms have turn out to be progressively significant in our day-to-day daily life, bringing new chances, but also new challenges. It is our duty to make absolutely sure that what is illegal offline is unlawful on line.”

France, which holds the rotating EU presidency, aims for an settlement in the very first fifty percent of 2022.