This bill helps innovation still exist as things currently stand. I've heard other witnesses talk about relitigating the past around news organizations, and I've been in those newsrooms as well in the past. This isn't about relitigating the past. These deals have already been struck. This has already happened. Google and Meta didn't have to strike these deals—not link tax deals, I might add, just licensing deals. They didn't have to do any of that; they chose to do it. They've picked their winners already. What this bill does is help level the playing field and prevent those winners from getting a distinct advantage.
Newsrooms can spend their money in three areas: one, going after talent in reporters and editors; two, going after audiences; and three, getting their journalism to people in new ways. The money that has already been allocated by these big tech platforms to publishers has put those of us trying to innovate at a distinct disadvantage.