Despite these new powers, however, there are growing questions about how the EU is actually going to enforce the rules, particularly in the aftermath of President-elect Donald Trump's return to the White House.
"It remains to be seen what the EU will do, as some investigations have gone further than others, but it is also clear that U.S. tech companies will try to use the Trump administration to push back on EU rules," Dexter Thillien, lead analyst at the Economist Intelligence Unit, told CNBC.
It comes as the tech industry attempts to cozy up to Trump ahead of his second term as president. Tesla's Elon Musk, Amazon's Jeff Bezos and Zuckerberg will attend Trump's inauguration next week, according to NBC news.