Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Tech Giants Face Demands to Downsize in New Antitrust Bills (1)

June 11, 2021, 6:56 PM

Amazon.com Inc., Apple Inc. and other U.S. technology giants would have to sell or exit key businesses under sweeping antitrust legislation proposed by House lawmakers.

The proposal is among a series of bills introduced Friday by House Democrats and Republicans that would place significant new constraints on how tech platforms run their businesses and give antitrust enforcers more legal authority to take on some of the country’s largest and most lucrative businesses.

“Unregulated tech monopolies have too much power over our economy,” said Representative David Cicilline, a Rhode Island Democrat, who led a 16-month investigation of Amazon, Apple, ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.