Feb 26 2021, 5:58 PM
February 25 2021, 9:31 PM
February 26 2021, 5:58 PM
(Bloomberg) House lawmakers kicked off an effort to tackle dominant technology companies, vowing a revamp of competition laws to curb their power.
(Bloomberg) House lawmakers kicked off an effort to tackle dominant technology companies, vowing a revamp of competition laws to curb their power.
The House antitrust panel, led by Representative David Cicilline, heard from antitrust experts Thursday about potential proposals aimed at fostering competition in digital markets, ranging from company breakups to new regulations to prevent tech giants from flexing their muscles.
âRepublicans and Democrats agree that these companies have too much power, and that Congress must curb this dominance,â Cicilline said. âMark my words, change is coming, laws are coming. Every day, policymakers around the world are undertaking a similar process.â