By: The Hill
Date: January 21, 2022
Amazon and Meta, Facebook’s parent company, spent record sums on federal lobbying in 2021 as they fought legislation to limit their expansive market power.
Amazon and its subsidiaries spent roughly $20.3 million to lobby Congress and the federal government, while Meta shelled out $20.1 million, according to filings submitted to Congress on Thursday. Both tech giants increased their lobbying spending by around 7 percent from their previous benchmarks set in 2020.
The powerful firms aggressively lobbied lawmakers to abandon bipartisan bills in the House and Senate that target Silicon Valley’s controversial business practices.