Minnesota
Minnesota is home to over 500,000 small businesses (SMBs) that employ over 1.3 million people. Policymakers must consider the impacts of new laws and regulations on SMBs before supporting legislation.
Key Policy Issues
Digital Economy
“Abuse of Dominance” Bill (HF 1563
Increasingly, we’ve seen states introduce “abuse of dominance” (AOD) legislation that seeks to regulate some of America’s leading digital platforms used by millions of small businesses, including Amazon’s online marketplace, Google’s search and advertising platforms, and app store business, Meta’s Facebook, and Apple’s app stores. While these bills would make it illegal for these platforms, or any platform that meets an arbitrary definition of “dominant,” to engage in any practices that harm competitors, they would also cause a slew of adverse impacts on SMBs. Potential antitrust laws would cost Minnesota’s SMBs that create and sell physical goods $15.3 billion annually, or $205,280 each per year, according to a new study by Dartmouth economics Professor Emeritus John T. Scott.
HF 1563 is in the House Commerce, Finance, and Policy Committee.
Minnesota Small Business Leaders, You Can Make Your Voice Heard.
It’s crucial that small business leaders like you speak up and make your voice heard to your state’s legislators, especially when they’re considering bills that could very well impact your business. Click here to send a letter to your representatives in Minnesota urging them to veto harmful legislation.
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