Sec. 2. Unlawful conflicts of interest
237 words·~1 min read·
/bill/117/hr/3825/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As of the date an online platform is designated as a covered platform under subsection 6(a), it shall be unlawful for a covered platform operator to own, control, or have a beneficial interest in a line of business other than the covered platform that— utilizes the covered platform for the sale or provision of products or services; offers a product or service that the covered platform requires a business user to purchase or utilize as a condition for access to the covered platform, or as a condition for preferred status or placement of a business user’s product or services on the covered platform; or gives rise to a conflict of interest.
For purposes of this section, the term conflict of interest includes the conflict of interest that arises when— a covered platform operator owns or controls a line of business, other than the covered platform; and the covered platform’s ownership or control of that line of business creates the incentive and ability for the covered platform to— advantage the covered platform operator’s own products, services, or lines of business on the covered platform over those of a competing business or a business that constitutes nascent or potential competition to the covered platform operator; or exclude from, or disadvantage, the products, services, or lines of business on the covered platform of a competing business or a business that constitutes nascent or potential competition to the covered platform operator.