Provided by Dow Jones By Sam Schechner European officials want new powers to oversee internal workings at large tech companies such as Facebook Inc., backed by threats of multibillion-dollar fines, in a bid to expand their role as global tech enforcers. The European Union's executive arm Tuesday proposed two bills -- one focused on illegal content, the other on anticompetitive behavior -- that would empower regulators in some cases to levy fines of up to 6% or 10% of annual world-wide revenue, or break up big tech companies to stop certain competition abuses. The bills don't mention any specific company but, as drafted, one or both would likely apply to several large U.S. tech companies including Alphabet Inc.'s Google, Amazon.com Inc. Apple Inc. and Facebook.