[Congressional Record Volume 150, Number 38 (Wednesday, March 24, 2004)]
[Senate]
[Page S3092]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EUROPEAN UNION TRADE DECISION RE: MICROSOFT
Mr. FRIST. Mr. President, for some time now, the U.S. Congress has
expressed its frustration over the European Union's intransigence on
international trade issues that are vitally important to the U.S.
economy. From overreaching attempts to regulate e-commerce, to trade
barriers against American beef and other agricultural products, the EU
has relentlessly pursued protectionist policies that disproportionately
harm American businesses and workers. I now fear that the United States
and EU are heading toward a new trade war--and that the Commission's
ruling against Microsoft is the first shot.
For the most part, economic growth across the European Union has been
meager during this decade. No doubt this is a by-product of the global
economic slow down that began in the last year of the Clinton
Presidency. But as the U.S. economy achieves record-setting levels of
economic growth, Europe remains stagnant. Why? Because European
economies are buried by public sector debt; European economies are
drained of their vitality by excessive taxation; and European economies
are strangled by excessive regulation from bureaucrats sitting in
Brussels. Now, as if destroying Europe's economy were not enough, the
European Commission has taken aim at Microsoft, a company whose
products and technology have been engines of global economic growth.
The Commission's ruling imposes the largest fine ever levied by the
Commission against a company--over $610 million. This fine was imposed
despite the Commission's tacit admission that European law in this area
is unclear, and even though Microsoft is already subject to legal
obligations, under the U.S. settlement, for essentially the same
conduct that was at issue in the EU proceedings. As a result, money
that rightfully belongs to Microsoft shareholders will instead be
filling the coffers administered by Commission bureaucrats.
The Commission's ruling also requires Microsoft to sell a version of
Windows without multimedia functionality--i.e., one that cannot play
audio or video. Thus, the ruling forces Microsoft to spend its energies
not on developing new, innovative products, but on designing a degraded
version of Windows--in short, a product that no one wants or needs.
This preposterous demand, by a foreign government, will hurt one of
America's most successful companies and harm the hundreds of American
IT companies that rely on the multimedia functionality in Windows to
offer their own innovative products and services--companies that are
responsible for thousands of high-paying American jobs. As the New York
Times noted in an editorial last Saturday (March 20), the Commission's
demands ``would threaten Microsoft's business model and, more
important, harm consumers. The very definition of a computer operating
system would essentially be frozen where it is today.''
In imposing this anti-consumer, anti-innovation penalty, the
Commission has blatantly undercut the settlement that was so carefully
and painstakingly crafted with Microsoft by the U.S. Department of
Justice and several State antitrust authorities. There can be no
question that the U.S. Government was entitled to take the lead in this
matter--Microsoft is a U.S. company, many if not all of the complaining
companies in the EU case are American, and all of the relevant design
decisions took place here. Had the Commission been cognizant of
America's legitimate interests in this matter, it would have acted in a
manner that complemented the U.S. settlement. Needless to say, the
Commission instead selected a path that places its resolution of this
case in direct conflict with ours--and threatens the vitality of
America's IT industry in the process.
The Commission's complete indifference to the negative impact of its
ruling on American jobs, American consumers, and the U.S. economy--and
its total disregard of the Department of Justice--are intolerable.
The European Commission has, of course, on many occasions paid lip
service to the importance of international coordination in the area of
competition, and on the need for other countries to be sensitive to
extraterritorial effects of their antitrust rulings. But actions speak
louder than words, and with the Microsoft ruling the Commission appears
intent on saying that it considers the Department of Justice, the U.S.
courts, and principles of open and fair international trade largely
irrelevant.
It is critical that the Departments of State and Justice stand up not
only for an important American company, but also for U.S. industry,
U.S. shareholders, and American workers. If the U.S. Government does
not make a clear and strong statement objecting to the EU actions, we
will lose influence and credibility for years to come to the detriment
of the U.S. economy and U.S. consumers.
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