UPDATED 5:06 PM PT – Friday, June 11, 2021
House lawmakers have introduced five antitrust bills aimed at reducing the power of Big Tech giants like Amazon and Google. On Friday, reports detailed the bills which lawmakers said have seen some bipartisan support.
“Right now, unregulated tech monopolies have too much power over our economy,” said House Judiciary Antitrust Subcommittee chairman David Cicilline.
We have introduced five bills today to strengthen our laws to hold tech monopolies accountable, and build #AStrongerOnlineEconomy.
— David Cicilline (@davidcicilline) June 11, 2021
One bill targets companies’ ability to leverage their platforms to favor their own products over competitors. While a second makes it unlawful for a platform owner to control a line of business when that control presents a conflict of interest.
Additional bills make it more difficult to eliminate competition through mergers and promotes online competition. This comes as executives from Amazon and Google are slated to testify before Senate members next week.