problems. Earlier this week I reintroduced the journalism competition and Preservation Act, with ranking member booklook Our legislation would give news publishers an even playing field to collectively negotiate a dominant platform to improve the quality accuracy attribution and functioning of news online. As part of today's hearing I look forward to discussing recommendations to strengthen and prove this legislation in particular I'm eager for a discussion on ensuring that this framework will provide for good faith negotiations by all parties and mechanisms to ensure that each and every hard working journalist benefits from these negotiations. while I do not use legislation as a substitute for more meaningful competition online, including structural remedies to adjust the underlying problem in the market. It's clear that we must do something in the short term, to save trustworthy journalism before it's lost forever. This bill is a life support measure, not the answer for ensuring long term health of the news industry. We need an all of the above approach to save journalism and to take on monopoly power. Doing nothing is not an option. In that vein I'm also going to hear other suggestions to rein in the power of these monopolies. And our last hearing we heard bipartisan agreement from the members of our subcommittee on a number of issues are structural separation preventing self preferencing and discrimination and interoperability and data portability requirements congressional inaction and insufficient enforcement levels. I live two waves of consolidation and layoffs by reporters, both digital and print publishers alike. In the absence of a competitive marketplace, or congressional action, there will continue to be mass consolidation and widespread layoffs, as the events leading up to the violent mobs attack on the Capitol on January 6 have made clear. The stakes are high, our country will not survive, we do not operate with a shared set of facts. If corruption is not exposed and routed out at all levels of government. And if power is not held to account as Justice Louis Brandeis wrote in 1927. Those who want our independence, believe that public discussion is a political duty, that the greatest threat to freedom is an uninformed citizenry. And that the freedom of thought and speech are indispensable to the discovery and spread of political truth. This is the very reason the press is called the Fourth Estate, whether it's an online publisher, a national newspaper or a local broadcaster we cannot have a democracy, without a free and diverse, press. In closing, I look forward to today's hearing.
