Senators promise to act in antitrust fight against big tech

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The big tech-focused antitrust bills developed by several key senators would “force drastic changes” for some businesses “and destroy products that consumers love,” Bloomberg reported.

Senator Chuck grassley from Iowa is working with Sen. Amy Klobuchar of Minnesota on an antitrust bill that he says is similar to some of the laws approved last month by the House Judiciary Committee, although he did not single out any, according to Bloomberg.

“There are so many issues with these social media platforms,” Grassley said, per Bloomberg. “We must take dramatic action. “

Klobuchar, the chair of the judicial panel’s antitrust subcommittee, said a bill “will tackle tech companies that discriminate against competitors who rely on their platforms,” ​​according to Bloomberg.

Some of the upcoming Senate bills “will line up in different ways” with the House’s measures, she said, according to Bloomberg.

Two weeks after the House judicial panel approved six bipartisan antitrust bills, four of which target tech giants, President Joe Biden signed an executive order that encourages competition in the tech, l agriculture, air transport, maritime transport, banking and others.

The Judicial Committee has approved all the proposals, but there is no vote yet in the House of Representatives.

The six-bill package was developed from a 450-page report released in April that describes the House Judiciary Committee’s investigation into large platform companies behaving like monopolies. First published in October, the report calls for major changes to the antitrust law and details numerous cases where companies have allegedly abused their power.

The six-pack represents the government’s attempts to modernize antitrust laws to accommodate the existence of massive tech companies by updating antitrust laws to meet the needs of the moment.

“American consumers and small businesses would be shocked at how much these bills would shatter many of their favorite services,” said Marc Isakowitz, Vice President of Government Affairs and Public Policy for Google. “All of this would significantly undermine US technology leadership, damage the way small businesses connect with consumers, and raise serious privacy and security concerns. “

Apple also released a report indicating that an unintended side effect of the bill would make its app ecosystem less secure by forcing Apple to allow users to download apps to their phones without having to use the App Store. The company said it would harm customers by threatening their privacy and parental controls and potentially exposing user data to ransomware attacks.

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