EU lawmakers pass landmark rules to rein in Big Tech, critics worrying over enforcement

• Companies may face fines of up to 10% of annual global turnover for DMA violations and 6% for DSA breaches

• EU parliament voted 588 in favor of the DMA, while 539 MEPs backed the DSA

The European Parliament on Tuesday gave a final stamp of approval to two major landmark rules to rein in the power of US Big Tech, however, enforcing them could be an issue due to limited resources.

The Digital Markets Act (DMA) will introduce new competition rules for gatekeeping for the tech giants to ensure fair and anti-monopolistic markets, while the Digital Services Act (DSA), which applies to both large and small companies — will set governance rules around the handling of illegal content and products, as well as dialing up broader accountability.