Legislators are about to introduce antitrust bills, focused on limiting the ever growing power of Big Tech companies. Both Republicans and Democrats agree on Big Tech’s antitrust practices.
According to Axios, drafts of antitrust bills, focusing on the anti-competition practices of Big Tech companies, are doing rounds in Washington. The bills will likely be introduced by the Antitrust Subcommittee of the House Judiciary Committee.
The subcommittee’s investigation into Big Tech’s antitrust practices began last year; it published a revealing report that recommended the revision of antitrust laws so that they account for the changes that have come with the internet age.
There are five draft bills, which address “interoperability, self-preferencing a company’s own services and features, an update to merger fees and more money for the Federal Trade Commission and Department of Justice, limiting Big Tech acquisitions and separating platforms from sellers.”
The drafts contain ideas on antitrust ideas that both Democrats and Republicans on the House Judiciary Committee appear to agree on.
The head of the antitrust subcommittee, Rep. David Cicilline (D-RI), in a previous statement to Axios, said that he planned on introducing a series of bills that Big Tech would find difficult to lobby against.
That said, the ranking Republican member of the committee, Rep. Jim Jordan (R-OH) has previously expressed his wariness of the introduction of aggressive antitrust laws, a position that contradicts his anti-Big Tech stand when it comes to censorship.