Good morning. This hearing of the subcommittee on readiness and management will come to order. Subcommittee meets today to receive testimony from undersecretary defense for acquisition and sustainment, ellen lord concerning supply chain integrity fourth apartment of defense in the United States. Since her initial confirmation as the under secretary of defense secretary lord has oversensitive give acquisition reform at the department of defense and i am sure we will talk about some of that today. As the u. S. National armament director she has traveled to see the u. S. Throughout the u. S. And the to see our allies and partners with regards to the development and Manufacturing Activities around the world and unfortunately has seen how reliant the u. S. Defense Industrial Base chain has become particularly as it relates to china. With the rise of china and Great Power Competition and the Global Pandemic the vulnerabilities and gaps in our supply chain particularly as it relates to the Na
Grand prize of 5,000. The deadline to submit videos is january 20th, 2021. For competition rules, tips, and more information on how to get started, go to our website, studentcam. Org. Now, a Senate Judiciary subcommittee hearing examining googles Online Advertising and its potential impact on Market Competition. Lawmakers heard first from a google representative, then a panel of technology and trade association officials. There was also a focus on googles Online Search engine, data privacy issues, and antitrust legislation. Welcome to todays hearing of the subcommittee on antitrust competition policy and consumer rights. The title we have chosen for today is stacking the tech, hasi googleke harmed competition in Online Advertising . I want to thank Ranking Member klobuchar and her staff for working closely with me and my o office as we prepared for today. And also want to thank our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this he
We have a great panel with us today. Former director of the bureau of protection for the federal trade commission. We will have the president of the computer and communication industry association. And here to discuss the department of justice proposal, we have lauren willard, counselor to the attorney general. We are very lucky to have this great panel here. We will walk through the actual proposal. Then for some commentary over the industry and consumer side of things. Give ai want to kind of little level set. Im sure most of the people dialed in have some familiarity with section 230 and understand what it is all about, but i would like to give some history to give some context to the statutes and so forth. When we talk about the Communications Decency act section 230 with the fairly recent movie, the wolf of wall particular the character based on daniel koresh. He was an employee with the company that was Leonardo Dicaprios business in that movie. Hillarify your memory, mr. Was the
As an ecommerce site when youre talking about doing that what youre actually doing is youre strengthening the monopolies that these Tech Companies already have the stranglehold they already have and by going around using the full force and might of the u. S. Government youre preventing any kind of foreign competition to companies that are not benevolent companies or companies that have abused their power in the past and will only continue to increase that abuse as they are the only game in town not jeffrey what about that point that ben is making here i mean these moves are actually antitrust or anticompetitive practices but are being issued by Big Government instead of another company do you see it this way as well. Ben is absolutely right and ill tell you Something Else is absolutely right is that the spokesman for the Chinese Communist party i hate to say. You know when the communists are preaching markets and competition and the u. S. President is d is is using a wild experiment in
That this is just another example of how the u. S. Is violating its own free market principles. Because as a dummy so zizi once again proves that the socalled freedom and security are nothing but an excuse for the digital gunboat diplomacy pursued by some us politicians. Do this type of bullying d is a blatant denial of the market economy and various competition. That the us has only has advocated. And joining us now to discuss is boob us coast investigative journalist ben swan and Jeffrey Tucker editorial director with the American Institute for Economic Research thank you both for joining us but i want to start with you here because we know youve been very critical of the u. S. Stance on Chinese Companies including this move over to so does this latest statement i mean he just matched it over ali baba does it surprise you. It doesnt surprise me it disappoints me i continue to be disappointed by these decisions by the Trump Administration really to take the stance look i have a huge p