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US House of Representatives Legislators Introduce Bipartisan Bills to Target Big Tech

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US House of Representatives Legislators Introduce Bipartisan Bills to Target Big Tech
WASHINGTON: Lawmakers in the U.S. House of Representatives introduced five bills on Friday, four of them aimed at curbing the power of tech giants in what a congressional aide described as an antitrust revolution.
Among the five bills, two address the problem of giant companies, such as Amazon Inc and Alphabet Inc’s Google, creating a platform for other companies and then competing with those same companies.
One measure would require platforms to sell a subsidiary if owning it creates an incentive for the platform to leverage its own products or lines of business.
“From Amazon and Facebook to Google and Apple, it is clear that these unregulated tech giants have become too big to care and too powerful to put people above profits,” said US Rep. Pramila Jayapal, a Washington State Democrat who sponsored this measure. with Rep. Lance Gooden, Republican.
A second measure would make it illegal in most cases for a platform to give preference to its own products on its platform with a hefty fine of 30% of the US revenue of the affected company if it violates the measure. Representative David Cicilline, who chairs the House Judiciary Committee’s antitrust panel, was a sponsor of this bill along with Gooden.
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