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House Judiciary Committee Considers Antitrust Legislation Aimed At Curbing Power Of Big Tech

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deadline.com

The House Judiciary Committee on Wednesday began a debate and markup of a series of antitrust bills designed to curb the power of major tech platforms like Amazon, Facebook, Google and Apple, even if that means forcing the companies to divest some of their holdings.The legislation is aimed at so-called “dominant platforms,” or those with at least $600 billion in revenue or market cap.Among the bills are one, the Ending Platform Monopolies Act, that would prohibit large firms from owning a business that uses its platform “for the sale or provision of products or services” or that sells services as a condition of accessing the platform.

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