Business

House panel votes ‘yes’ on bill that could break up Big Tech

House panel votes ‘yes’ on bill that could break up Big Tech

The House Judiciary Committee voted Thursday to require Big Tech platforms to sell lines of business they run on their platforms if they also compete against them, wrapping up two days of votes that saw the approval of four measures directly aimed at reining in the power of some of the country’s most successful companies.

The bill passed the committee on a vote of 21-20.

Rep. David Cicilline (D-RI), chair of the antitrust subcommittee, said the bill forcing Big Tech to choose between running a platform and competing on it was needed because the tech giants had not played fairly. “Google, Amazon and Apple each favor their own products in search results, giving themselves an unfair advantage over competitors,” he said.

In other votes on Wednesday and Thursday, the committee approved bills to prohibit platforms like Amazon from disadvantaging rivals who use their platform and to require Big Tech companies contemplating mergers to show that such deals are legal, rather than requiring antitrust enforcers to prove that they are not. It also approved a measure to require platforms to allow users to transfer their data elsewhere.

Asked about the package of bills, House Speaker Nancy Pelosi, a California Democrat, said there was concern in both parties about the tech giants. “This legislation attempts to address that in the interest of fairness, in the interest of competition, and the interest of meeting the needs of people whose privacy, whose data and all the rest is at the mercy of these tech companies,” she said.

Lawmakers listen as Sundar Pichai, CEO of Alphabet and its subsidiary Google, appears on a monitor as he testifies remotely during a Senate panel hearing.
Big Tech CEOs, like Alphabet and Google CEO Sundar Pichai (on monitor screen), were frequently seen on the Hill, even via virtual methods, providing testimony about their business models to lawmakers concerned they’ve become too powerful.
Getty Images

There has been opposition to the anti-tech measures from the U.S. Chamber of Commerce, Amazon, Apple, Facebook and Alphabet Inc’s Google, and there is no certainty that any of them will become law.

Lawmakers from both parties have expressed concern about the toughest legislation in the package.

The committee also voted to increase the budgets of the agencies enforcing antitrust law. A companion measure has passed the Senate. And the panel passed a bill to ensure that antitrust cases brought by state attorneys general remain in the court they select.

About the author

Steve Murphy

Steve Murphy has handled various businesses throughout his career and has a deep domain knowledge. He founded Report Door in an attempt to bring the latest news to its readers. He is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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