WASHINGTON, D.C. - U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement after the European Commission announced new proposals for a Digital Services Act and a Digital Markets Act:
“Based on preliminary review, the U.S. Chamber is concerned about the direction of today’s proposals, which target American companies almost exclusively by imposing onerous new regulatory requirements backed by steep financial penalties. It seems Europe is intent on punishing successful companies that have made deep investments in Europe’s economic growth and recovery. Moreover, these measures will not improve Europe's own competitiveness.”
“In the coming months we urge thoughtful dialogue and careful deliberation across Europe to course correct on these proposals. Europe’s recent calls for greater transatlantic collaboration are welcome, but they risk being undercut by burdensome and discriminatory proposals such as those released today.”
