As the House prepares to vote on Rep. Jim Jordan for speaker, experts see a potential upside for big tech if the Ohio Republican wins.
If Republican Rep. Jim Jordan is elected the speaker of the House on Tuesday, tech giants like Google, Apple, and Amazon are likely to see major tech antitrust legislation put on hold during his speakership, political strategists and industry lobbyists told CNBC.A Jordan speakership"will make it nearly impossible to move any sensible bipartisan legislation to curb big tech's abuses of power," said a veteran tech lobbyist.
As Jordan's internal campaign gained momentum on Monday, Washington's thousands of lobbyists raced to determine how a Jordan speakership might impact their clients' bottom lines. Trump hit with partial gag order in DC elections case, barred from publicly targeting Jack Smith, potential witnessesAs chairman of the powerful House Judiciary Committee, Jordan has accused tech companies of censoring conservatives on their platforms. But he has also criticized bipartisan efforts to use
A Jordan speakership could amount to a stroke of good fortune for America's tech giants, long under scrutiny from Congress and regulators over whether their vast corporate empires are illegal monopolies. Google's PAC alone has given over $35,000 since 2012 to help fund Jordan's successful campaigns for reelection.
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