The Software & Information Industry Association (SIIA) issued the following statement regarding today’s deadline for several leading American companies to comply with the European Union’s (EU) Digital Markets Act (DMA). The statement can be attributed to Morten Skroejer, Senior Director for Technology Competition Policy, SIIA.
“Beginning today, the EU requires a handful of leading American tech companies to come into compliance with the DMA, an unwieldy and untested new regulatory regime that the EU has developed to kneecap a small group of leading U.S.-based companies in the misguided hope that that could help boost their domestic and other foreign companies’ ability to compete on the global stage. These regulations however, will come at a cost. The DMA is expected to drain billions from the US economy, including tens of billions of dollars from small businesses and startups, and threaten American jobs. And, it is likely to expose European consumers to new and substantial cybersecurity risks – something that the EU only belatedly seemed to realize.
“It is essential that President Biden stand up against these kinds of discriminatory regulations. As other nations consider similar laws that would single out American companies, the Biden administration must fight to stop efforts to recreate this same approach elsewhere.”
Learn more about SIIA’s perspective on the DMA here.
