New Legislation Has Big Tech Companies Scared

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This past Friday, a group of House members from both sides of the aisle put forth a set of new legislation that seeks to break up Apple, Amazon, Google, and Facebook.

As stated in a press release sent out by Rep Pramila Jayapal (D-WA), the new legislation seeks to “expand opportunities for consumers, workers, and small business owners by holding unregulated Big Tech monopolies accountable for anti-competitive conduct.”

The new set of legislation is seeing strong support from both Democrats and Republicans.

As reported by The Wall Street Journal:

Each of the bills has both Republicans and Democrats signed onto it, with more expected to join in the coming days, congressional aides said. A total of seven Republicans are backing the bills, with a different group of three signing on to each measure, according to a person familiar with the situation.

“Not only is self-regulation by Big Tech patently ineffective, but it also comes at the direct expense of workers, consumers, small businesses, our local communities, and the free press,” stated Rep. Jayapal, who currently helps lead the House Antitrust Subcommittee, in the press release. “From Amazon and Facebook to Google and Apple, it is clear that these unregulated tech giants have become too big to care and too powerful to ever put people over profits.”

However, Rep. Ken Buck (R-CO) stated that “Big Tech has abused its dominance in the marketplace to crush competitors, censor speech, and control how we see and understand the world.”

The five new pieces of legislation are as follows:

This new bill follows just a couple of months after Sen. Josh Hawley (R-MO), who was part of the most vocal supporters of antitrust legislations among Congressional Republicans, brought to light the “Bust Up Big Tech Act.

 

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