Several key senators are negotiating tech-focused antitrust bills similar to House measures that companies say would force drastic changes in their business and destroy products enjoyed by consumers, Bloomberg reported.
Sen. Chuck Grassley of Iowa is working with Sen. Amy Klobuchar of Minnesota on an antitrust bill he said is similar to some of the legislation approved last month by the House Judiciary Committee, although he didn’t single any out, according to Bloomberg.
“There is so much wrong with these social media platforms,” said Grassley, per Bloomberg. “We have to take some dramatic action.”
Klobuchar, the chairwoman of the judiciary panel’s antitrust subcommittee, said one bill “will address tech companies discriminating against competitors who rely on their platforms,” according to Bloomberg.
Some of the upcoming Senate bills will “line up in different ways” with the House measures, she said, per Bloomberg.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies Regulation
Apr 23, 2024 by
CPI
FTC Moves to Ban Non-Compete Agreements, Aiming to Boost Labor Mobility
Apr 23, 2024 by
CPI
Federal Judge Nods at $418M Deal in Real Estate Antitrust Suit
Apr 23, 2024 by
CPI
Mexican Watchdog Probes Amazon and Mercado Libre Over Loyalty Bundles
Apr 23, 2024 by
CPI
Competition Commission of India to Probe AI Landscape for Competition
Apr 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI