Five bills that were directed at the limitation of power by Big Tech companies were introduced by the US lawmakers.
The bills were enrolled after an investigation of 16 months about the powers of Apple, Google, Amazon and Facebook.
They directed topics that dealt with data, competitive behavior and mergers of the companies which could make them force to sell those holdings.
However, the support is not unanimous for the bills directed to Big Tech.
“Bills that target specific companies, instead of focusing on business practices, are simply bad policy… and could be ruled unconstitutional,” said Neil Bradley, a representative of the US Chamber of Commerce.
Before the bills are sent to the house floor, they will be directed to the House Judiciary Committee. And in order to become law, the bills should go through the Senate, the House of Representative and at last, they are signed by President Joe Biden.
The Democratic chair of the Antitrust panel and the co-sponsor of the bills, David Cicilline tweeted about the bills by saying: “strengthen our laws to hold tech monopolies accountable, and build #AStrongerOnlineEconomy”.
The bills that have been received backing from Republicans and Democrats include:
- The American Choice and Innovation Online Act – this bill doesn’t let companies get manipulated by marketplaces in order to promote their products.
- The Platform Competition and Opportunity Act of 2021 – this bill makes it more difficult for companies to kill off and buy competitors.
- The Ending Platform Monopolies Act – this bill bans Big Tech monopolies to selling products in marketplaces they rule.
- The Augmenting Compatibility and Competition by Enabling Service Switching (ACCESS) Act of 2021 – this bill makes facilitates you to leave a social media platform and send your personal information to a competitor.
- The Merger Filing Fee Modernization Act of 2021 – this bill lets the Department of Justice and the Federal Trade Commission the resources they need to police monopoly power, with no cost.
“Big Tech’s unchecked growth and dominance have led to incredible abuses of power that have hurt consumers, workers, small businesses and innovation,” stated Robert Weisman, president of the advocacy group Public Citizen.
“That unchecked power ends now.”