Magid: The growing political clout of Web companies is worrisome

Many people are celebrating the “people’s victory” that derailed, at least temporarily, the Stop Online Piracy Act (SOPA) in the House and the Protect IP Act (PIPA) in the Senate.These controversial bills would require websites to refrain from linking to any sites “dedicated to the theft of U.S. property.” The bills would also prevent companies from placing ads on the sites, and would block payment companies like Visa, MasterCard and PayPal from transmitting funds to the sites. The bills could even give the U.S. attorney general power to seek a court order to block the domain name server (DNS) records, effectively cutting off access to the entire site.

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