The bills would also make it harder for those companies plus Facebook and Alphabet (Google s parent company) to complete large mergers, and would force them to make it easier for users to leave their platforms with their data intact. CNBC couldn t immediately learn when the drafts will be introduced.
The draft bills come after a 16-month investigation by the House Judiciary subcommittee on antitrust into the four companies, which culminated in a nearly 450-page report from Democratic staff last fall. While Republicans on the subcommittee diverged from some of the Democrats more extreme proposals, several agreed with the main findings of monopoly power and anticompetitive behavior in the Democratic report and on the need to rein in Big Tech s power with antitrust reform.
Multiple reports suggest that House Democrats are circulating draft antitrust legislation that could force big changes to the way companies like Apple and Facebook do business.
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