Nope, payroll is a significant part of the expenses even of FAANGs. Or at least of the entities that employ people in the US. And they very much benefit from the startup ecosystem as they can just cherry-pick among them, buy up prospective disruptors and new technologies, and disassemble them for spare parts.

Anyway, here is more information about the bill. Let's see what happens to it: https://www.kbkg.com/feature/lawmakers-introduce-bill-to-ret...