The House Judiciary Committee announced on Friday a bipartisan legislative agenda for regulating dominant technology firms including Amazon, Apple, Facebook and Google.
The announcement by Reps. David Cicilline, D-R.I., and Ken Buck, R-Colo., the chairman and ranking member of the Judiciary antitrust subcommittee, brings full circle the efforts by lawmakers over the past two years to investigate allegations of monopoly power online and to devise legislation aimed at curbing market dominance.
“Right now, unregulated tech monopolies have too much power over our economy. They are in a unique position to pick winners and losers, destroy small businesses, raise prices on consumers, and put folks out of work,” Cicilline said in a statement.
He said the legislative agenda “will level the playing field and ensure the wealthiest, most powerful tech monopolies play by the same rules as the rest of us.”
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
