House Democrats Happily Stand Up To EU Business Bullies (From RealClearMarkets)

Common sense and advocacy for free markets and innovation are alive and well in some quarters of the Democratic party.

Largely overlooked during the rush of the Christmas season, 22 members of the U.S. House of Representatives, including 12 Democrats, sent President Biden a muscular letter on December 15 raising “grave concern” about the European Union (EU) designating five U.S. tech companies “gatekeepers.”

The designation is a threat to the U.S. economy as it could lead to massive fines and hobble these companies’ ability to address alleged problems that do not exist while ignoring more serious issues from Chinese and other foreign companies. Or, as the letter says, “The recent decisions by EU authorities pose serious potential damage to America’s competitiveness and security interests.”

Lexington Institute’s Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.