U.S. Lawmakers Introduce Antitrust Legislation That Could Significantly Impact Apple and Other Tech Companies

This article has been indexed from MacRumors: Mac News and Rumors – Front Page

U.S. House lawmakers today announced sweeping bipartisan antitrust legislation that could result in major changes to the tech industry, impacting companies like Apple, Amazon, Facebook, and Google.

At the conclusion of that hearing, which took place in July 2020, the U.S. House Judiciary Antitrust Subcommittee leading the inquiry released a 450 page report with recommendations that have turned into the new antitrust bills that were proposed today. The five bills are aimed at Apple, Amazon, Facebook, and Google, with Antitrust Subcommittee Chairman David Cicilline suggesting the legislation will “level the playing field.”

“The American people sent us to Washington to get things done. Nothing is more important than ensuring every American has an opportunity to get ahead. 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. Our agenda will level the playing field and ensure the wealthiest, most powerful tech monopolies play by the same rules as the rest of us.”

Rep. Ken Buck, the lead Republican on the committee, said that the four major tech companies have “harmed American businesses and consumers” by prioritizing “power over innovation.”

Read the original article: U.S. Lawmakers Introduce Antitrust Legislation That Could Significantly Impact Apple and Other Tech Companies