The US House of Representatives Judiciary Committee formally approved a report that accuses big tech companies, including Apple, of either buying or crushing smaller rivals, Reuters reported. The extensive document offers various options for changing antitrust law.
The more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet’s Google, Apple, and Facebook. The report was approved by a 24-17 vote that split along party lines. The companies have denied any wrongdoing. The report first released in October – the first such congressional review of the tech industry – suggested extensive changes to antitrust law and described dozens of instances where it said the companies had misused their power.
The report first released in October – the first such congressional review of the tech industry – suggested extensive changes to antitrust law and described dozens of instances where it said the companies had misused their power.
“Amazon, Apple, Google, and Facebook each hold monopoly power over significant sectors of our economy. This monopoly moment must end,” Representative David Cicilline said in a statement. “Now that the Judiciary Committee has formally adopted our findings, I look forward to crafting legislation that addresses the significant concerns we have raised.”
The first bill has already been introduced. A bipartisan group of US lawmakers led by Cicilline and Senator Amy Klobuchar introduced legislation in March aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook.
Also in the Senate, Klobuchar introduced a broader bill in February aimed at strengthening antitrust enforcers’ ability to stop mergers by lowering the bar for stopping deals and increasing resources for enforcers.