U.S. military spouses, one of the highest unemployed demographics, could receive new support to start and operate small businesses under legislation pending in the Senate.
U.S. Sens. Thom Tillis, R-N.C., and Amy Klobuchar, D-Minn., recently introduced the Military Spouse Entrepreneurship Act of 2023 to develop a training program at the Small Business Administration to help military spouses launch small businesses.
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Republican Arkansas Sen. Tom Cotton and Democratic Minnesota Sen. Amy Klobuchar unveiled a bipartisan bill Friday intended to restrict how major tech companies acquire and merge with smaller firms.
The bill, titled the Platform Competition and Opportunity Act, is a companion to antitrust legislation advanced out of the House Judiciary Committee in June. If enacted, the law would shift the burden in antitrust cases to the acquiring party for mergers greater than $50 million, meaning that the acquiring firm would have to prove that its acquisition of another company was not anti-competitive.
The bill explicitly targets Big Tech companies, and it applies to firms with market capitalizations over $600 billion, at least 50,000,000 U.S.-based monthly active users or 100,000 monthly active business users. This would include Amazon, Google, Facebook and Apple.
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