American Innovation and Choice Online Act

Fairer Competition for Businesses: The bill prohibits platforms from preferencing their own products or limiting the ability of other business users to compete, which may help smaller businesses reach customers more fairly. (Section 3(a)(1))

Better Access to Features: It stops platforms from blocking business users from using the same hardware or software features that the platform operator uses for its own competing products. (Section 3(a)(2))

Prevention of Forced Purchases: The bill bans "tying," meaning a platform cannot force a business to buy other services as a condition for getting preferred placement or access to the platform. (Section 3(a)(3))

Data Portability and Fairness: Platforms are prohibited from using a business user's nonpublic data to launch competing products and cannot stop business users from moving their own data to other systems. (Section 3(a)(4))

More User Choice: The bill prevents platforms from blocking users who want to change their default settings to an alternative product or service. (Section 3(a)(5))

Protection Against Retaliation: It is unlawful for a platform to retaliate against any user or business user who reports potential legal violations to law enforcement. (Section 3(a)(7))

Financial Penalties: Companies found in violation may be forced to pay civil penalties between 1 percent and 10 percent of their total United States revenue. (Section 3(c)(4)(B))

Executive Compensation Loss: Corporate officers, including the CEO, may be ordered to forfeit compensation received around the time of a violation if a pattern of conduct is found. (Section 3(c)(4)(D))