US Lawmakers Introduce Bipartisan Antitrust Bills That May Reform Top Tech Giants
The newly introduced bills came after the tech giants - Apple, Amazon, Facebook and Google - were investigated over antitrust issues.
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The newly introduced bills came after the tech giants - Apple, Amazon, Facebook and Google - were investigated over antitrust issues.
The rare cooperation between Republicans and Democrats underscores the mounting bipartisan interest in overhauling federal competition laws to address long-running allegations that Amazon, Apple, Facebook and Google have engaged in monopoly-style tactics.
A bipartisan group of US lawmakers unveiled five anti-monopoly bills that would restore Congress's tradition of routinely updating antitrust laws to address the worst competition-squashing behavior of the day.
Following an investigation into the market power of tech giants, U.S. House lawmakers have introduced a sweeping series of bills intended to chip away at the power of Silicon Valley juggernauts.
Big Technology obtained the five draft bills currently circulating around the House of Representatives that target Big Tech. If they’re signed into law, it will be bad news for the tech giants.