Once passed, these bills, five in total, have the potential to break up big tech companies using various laws. These bills are formed by democrats and republicans after a 16-month long investigation in the relevant space.
US Laws Targeting Tech Giants
Observing some anti-competitive practices in the nation, several legislators have long been advocating for laws that can contain such malpractices of tech giants, and thwart exploitation against consumers.
While the existing laws are already in place for the same purpose, they mostly aim at brick-and-mortar stores and be useless to technology companies that are continuously finding new ways to bunk regulations. Thus, here are the new potential laws;
Ending Platform Monopolies Act
American Innovation and Choice Online Act
Platform Competition and Opportunity Act
Augmenting Compatibility and Competition by Enabling Service Switching (ACCESS) Act
Merger Filing Fee Modernization Act
These bills are the output of the antitrust subcommittee’s investigation into the competition in digital space, for over 16 months.
