Tech

Democrats to Take Big Tech With 5 Major Antitrust Bills: Report

House Democrats plan to present five separate projects as early as this week that could reign dramatically in the economic dominance of large technology companies, Politics he said Wednesday.

The bills address a number of concerns from lawmakers about the growing power of technology titans like Amazon, Apple, Google belonging to the Alphabet and Facebook.

A project, led by Representative Pramilia Jayapal of Washington, left the Justice Department or the Federal Trade Commission proceeding to split technology companies forcing them to sell parts of their businesses that present a conflict of interest, he said. Politico. That could explain problems for companies like Amazon and Google, which critics say use their dominance in web hosting and digital advertising markets to promote their own products and services.

A second bill, written by Rep. David Cicilline, a Rhode Island Democrat, prohibits large technology companies from promoting their products in the digital markets they operate and sets the rules for, according to Politico. Which takes aim at cume Apple App Store policies impact app developers and how Amazon deals with third party sellers in their market.

A third project, sponsored by Democratic Rep. Hakeem Jeffries of New York, prohibits platform companies from acquiring or merging with potential competitors, Politico reported. This follows criticism Instagram purchases of Instagram and WhatsApp, and the FTC’s potential probe anti-competitive acquisitions from Facebook, Microsoft, Google and Amazon.

A fourth project, sponsored by Rep. Mary Gay Scanlon, of Pennsylvania, would require platforms with more than 500,000 U.S. users, or those designated by regulators as “critical business partners,” to make it easier for users to move their data to rival platforms, she reported. Politics. Lawmakers have criticized Facebook and Google to capture users ’personal data in an endless“ feedback loop ”that helps them maintain their market power.

The final bill, identical to that sponsored by Sens.Amy Klobuchar (D-MN) and Chuck Grassley (R-IA) in a expense invoice that passed this week, Politico reported, will require companies to pay more antitrust regulators when seeking their approval for mergers. Regulators aren’t heavily exploited compared to the technical giants who are tasked with regulating, putting them at a huge disadvantage if they try to block a merger and go to court – increasing legal fees could help balance the scales.

The invoice set reflects recommendations from a reference page Report of the Judicial Committee of the Chamber last fall he called companies monopolies that needed to be split.

The report was the result of a extensive investigation in which the committee studied whether large technology companies had used their size and market position to engage in anti-competitive behavior that unfairly harmed rivals, consumers, and society more broadly.


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