We understand that the Brazilian National Congress is moving forward with an urgency motion this evening to advance Bill No. 4.675. This bill has been modeled after the European Union’s Digital Markets Act.

Trusted Future has been closely studying the real world implications of the Digital Markets Act and similar bills around the world. Most recently we released a new report, Failed Experiment, that finds these policies that aim to promote competition in the digital ecosystem, have foundational mistakes with long-lasting impacts that include weakening security, creating a less safe app store ecosystem, and even inhibiting competition and opportunities to advance a more dynamic, vibrant, innovative, and trustworthy ecosystem that can lift its economy and propel new competition. 

We’ve seen the direct consequences of Digital Markets Act-like models, and the way their impacts are felt across the board: 

• Consumers face increased security risks; 
• Businesses face an unfriendly regulatory environment, spending their tech resources on compliance;
• The country is left with less innovation, fewer and delayed features, and – ironically – less consumer choice.

We strongly urge legislators and policymakers in Brasilia to consider the lessons that Europe has learned with the Digital Markets Act as they consider this critical policy.

For more information see: trustedfuture.org/failedexperiment