The bill would prevent federal and state courts and agencies from recognizing or enforcing certain foreign judgments against covered entities over foreign digital-market regulations, unless Congress provides otherwise. Covered entities include some U.S.-organized companies that do business with the Federal Government, provide a core platform service, and must follow a foreign digital-market regulation. The President could take actions considered in the public interest to protect covered entities, after considering effects on U.S. consumers and businesses, economic and technological security, and foreign relations. The bill includes the European Union’s Digital Markets Act in its definition of foreign digital-market regulation. It was introduced and referred to the House Judiciary Committee.
The bill could affect companies that meet its definition of a covered entity and are subject to foreign digital-market rules. It does not describe direct changes for individuals.
No publicly available information.
The bill’s findings say that foreign regulations can harm U.S. companies’ competitiveness, employment, economic stability, innovation, and trade, and raise concerns about technology and national security.
No publicly available information.