Written materials. You are the ema offices that required for all meetings. I expect all members to wear a mask expect when speaking. I recognize myself for an opening statement. More than a year ago, this subcommittee launched an investigation into Digital Markets. The twoives b have been to document problems and since then, weve received millions as well as conducting hundreds of hours of interviews. There were experts here, the subcommittees Ranking Member. We work closely with all members who have taken this work seriously and study the issues. This is the most bipartisan effort ive been involved with. The purpose of todays hearing is to examine the dominance of amaz amazon, apple, facebook and google. Amazon runs the Largest Online marketplace in america, c capturing 70 of all online marketplace sales. It operates across a vast array of businesses from cloud compute i ing. Apple is a provider of smart phones with more than 100 million in the United States alone. Services include fi
Industry. They took questions about the use of thirdparty seller data and allegations of anticonservative bias. The subcommittee will come to order. Without objection, the chair is authorized to declare recess at any time. Welcome to todays hearing on marketing power. Amazon, apple, facebook, and google. I would like to remind members we have established a distribution list dedicated to circulating specific motions or other written materials members might want as part of our hearing today. If you would like to submit materials, submit them to the email address distributed to your offices. We will circulate materials as quickly as we can. Thatld also remind members face coverings are required for all meetings in an enclosed space such as Committee Hearings. I expect all members on both sides of the aisle to wear a mask except when you are speaking. I recognize myself for an opening bateman Opening Statement. This committee launched an investigation into Digital Markets to document compe
Taken by the Federal Reserve the path depends of course on the virus it societies the crisis will weigh heavily in the medium term and poses keshl risk, very much a carbon copy, just a couple additions here and from the year, there was one other change that i will tell you about. It was that the path of the economy will depend significantly on the course of the virus. Kelly . We appreciate it. Were going to welcome in our fed panel. Mona hodges, david kelly and jim carron its great to have you all here. Ill go to you, dave, for what you think are the most important messages as we watch the markets so far showing little change from where we saw before the decision came out. Really whats happened since their june meeting is we have seen a surprisingly strong bounce, but then the viruses come back, and that resurgence is what theyre saying is this is not over we know its very uncertainty. The economy has a lot of recovery to do yet, and theyre going to remain very dovish while the pandemi
Dramatically access to users on internet virtually any gist that wants to be found on the web must pay google a tax. With that i recognize the Ranking Member of the subcommittee, mr. Sensenbrenner. For first round of questions. Thank you, mr. Chairman. Ive been in congress 42 years. That is coming to an end at the end of this year. Im breathing a sigh of relief. During that period of time, during decade of 90s and 00s, i was involved as chairman of the Science Committee and chairman of this committee and trying to make the net universal, open it up to everybody and one of the, one of the theses that we used that the net should end up becoming basically the debate on issues, not only in our country but throughout the world and in exchange for that this committee and the Congress Gave Internet Service providers immunity so if somebody said something defamatory in what they posted. Isps could not be a part of a lawsuit for defamation. After hearing mr. Jordan, you know, a long line of cen
Then we will go to the traditional nomination followed by the next Circuit Court by the morning ill announce forgo next to peasant will be taken one is we can go to the tim scott police bill or the and aa. The tim scott bill is close to being finished. I will let you know in the morning what we are going to have after we finish the 53rd circuit judge. I want to congratulate cory gardner, steve daines and the others who worked on the Great American outdoors act. They will get a big victory the final vote will happen tomorrow on that. That something they have been working on for a long time. Great credit to their effort to get across the finish line. Also want to thank tim scott in the group he has been working with on police reforms. I think they have done a tremendous summer amount of good work we are making Good Progress on that. I hope we can get a big vote here. It is up to the leader would not get scheduled. I think the substance for that bill is something people have worked hard o