By BYANNA EDGERTON, EMILY BIRNBAUM AND BLOOMBERG, at Fortune.com
A high-profile push by Congress to rein in the nation’s biggest internet companies is at risk of failing with time running out to pass major legislation ahead of midterm elections.
Alphabet Inc.’s Google, Apple Inc., Amazon.com Inc. and Meta Platforms Inc. and their trade groups have poured almost $95 million into lobbying since 2021 as they seek to derail the American Innovation and Choice Online Act, which has advanced further than any U.S. legislative effort to address the market power of some of the world’s richest companies.
After a nearly two-year battle, the bill is now at a critical juncture as the Senate returns this week for a final stretch before the November midterms. Backers of the measure swear they have the necessary votes, yet it’s unclear if they do, and the Senate will be busy with other must-pass spending legislation …