House Judiciary Committee Advances Antitrust Bill That May Lead To Breakup Of Big Tech; Wgaw Praises Vote

  • Deadline
House Judiciary Committee Advances Antitrust Bill That May Lead To Breakup Of Big Tech; Wgaw Praises Vote
Update, 12:03 Pm Pt, Thursday, updated with Wgaw comment: The House Judiciary Committee narrowly advanced a sixth and final piece of legislation that has been dubbed the “break up” bill, on the notion that it ultimately could lead to tech giants shedding assets or splitting in two.

The bill, the Ending Platform Monopolies Act, which passed 21-20, would prohibit major tech platforms to sell product lines that they own and control. The bill is aimed at rooting out conflicts of interest that arise when a company like Amazon sells its own lines of products on its platform, giving it the incentive to disadvantage rivals. It also could pose a problem for Google, which ranks videos on its search engine, and also operates YouTube.

Over the span of 29 hours, the Judiciary Committee also passed five other bills, including one that prohibits major tech companies from discriminatory conduct, and another that requires
See full article at Deadline »

Similar News


Recently Viewed