From David McCabe and Stephanie Lai's "Clock Running Out on Antitrust Bill Targeting Big Tech" in Saturday's New York Times:
Critics of the country’s largest tech companies branded the last few months “Hot Antitrust Summer” because they hoped that Congress would vote on new regulations for Amazon, Apple, Google and Facebook.
The legislation’s chances of passing before Labor Day melted away instead. The Senate is expected to take up one last major matter of business before its August recess, debating and voting on the Democrats’ large climate, tax and health care package.
The failure to secure a vote is a setback for the politicians, activists and regulators who believe that Big Tech has too much control over commerce, communications and culture. After Labor Day, Washington will turn much of its attention to the midterm elections instead of major legislation. And if Republicans regain the majority in Congress, the regulations have a far smaller chance of being taken up.
“One of the senators actually said to me, ‘Maybe you’re just ahead of your time,’” Senator Amy Klobuchar, a Minnesota Democrat and the main driver of the legislation, said in an interview. “And I said to them, ‘Yeah, but being ahead of your time doesn’t mean that your time hasn’t come.’ And at some moment your time comes.”
My take: Klobuchar is relentless. And funny. That's her superpower.
See also: Apple and the Krysten Sinema buyback tax