California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee

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California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee
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If Rep. Lou Correa ascends to the role, it would be a stark reversal in attitude at the top of the subcommittee that has sought to rein in Big Tech power.

that aimed to rein in the power of the top players in the industry by preventing them from favoring their own products in their marketplaces or by prohibiting the ownership of two businesses that present a conflict of interest.

Things could still change, but Correa is well-positioned based on his seniority. Correa's team has spoken with Judiciary staff about possible subcommittee priorities, according to a House staffer, and a vote could happen in the next couple of weeks.One senior Democratic aide described the prospect of Correa becoming ranking member as a "great windfall for the tech companies." If he ascends to the top Democratic role, he would sit beside Chair Thomas Massie, R-Ky.

While Cicilline and Buck championed bills that sought to crack down on what they saw as unfair practices by Big Tech companies and supported increased funding to antitrust enforcement agencies, Correa opposed the tech antitrust bills andfor the Federal Trade Commission and Department of Justice Antitrust Division.

Democrats are in the minority in the House, so whoever fills the position won't get to set the agenda for the subcommittee. But several sources who spoke with CNBC said Correa's track record suggests tech antitrust would take a back seat for a while in the subcommittee if he gets the nod. Already, the types of bills that

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