WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee will vote next week on a package of recently introduced antitrust bills, including several that target the market power of big technology, the president of the United States said on Wednesday. committee, Jerry Nadler.
Last week, five antitrust bills were introduced in the House of Representatives. They will be flagged in committee to consider the changes and then the panel will vote on them to decide whether the full House should vote on the measures.
Two of the bills introduced last week address the problem of giant companies, such as Amazon.com Inc (NASDAQ 🙂 and Alphabet (NASDAQ 🙂 Inc’s Google, creating a platform for other companies and then competing against those same companies.
These bills, one of which would force companies to sell businesses, have drawn the most opposition. Some pro-tech groups have said it could spell the end of popular promotions like Amazon Prime free shipping and iMessage on iPhones.
Representative David Cicilline, chair of the antitrust subcommittee, spoke about a crisis due to the power of Amazon, Apple (NASDAQ :), Facebook (NASDAQ 🙂 and Google. “These modern-day robber barons are increasing their power through anti-competitive means,” he told a news conference flanked by fellow Republicans and Democrats.
One of the top antitrust Republicans, Rep. Ken Buck, said he had been skeptical about the need for additional antitrust enforcement, but had changed his mind: “I think you’ll see more Republican support as people understand more. the issue, “he said.
In addition to the two bills aimed at conflict of interest in platform businesses, a third bill would require a platform to refrain from any merger unless it can demonstrate that the acquired company does not compete with any product or service. where the platform is located. A fourth would require platforms that allow users to transfer their data elsewhere, even to a competing company.
Members of the House also introduced a fifth bill, a complement to a measure that has already passed the Senate and that would increase the budgets of antitrust authorities and make companies planning the biggest mergers pay more. Observers have said that this bill was the one most likely to become a law of the five.
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