• 12
  • 4
  • Favorite

U.S. House antitrust chairman plans multiple bills to go after Big Tech

Reuters2021-03-22

WASHINGTON, March 21 (Reuters) - Democratic Representative David Cicilline, chairman of the House Judiciary Committee's antitrust panel, is preparing to come out with 10 or more pieces of legislation targeting Big Tech companies, a source with knowledge of the matter said on Sunday.

The subcommittee, under Cicilline's leadership, released a 449-page report in October last year, which detailed abuses of market power by Apple , Amazon , Alphabet's Google and Facebook .

The strategy to produce a series of smaller bills is aimed at lowering opposition from tech companies and their lobbyists towards a single piece of legislation, the source said.

Cicilline is also working on a separate bill targeting a key law called Section 230, which offers protection to tech platforms from liability over content users post, the source said.

His 230 legislation is likely to go after platforms such as Facebook and the way they amplify user content.

Cicilline's comments were first reported in an interview by Axios on Sunday. His office declined comment.

(Reporting by Nandita Bose in Washington; editing by Diane Craft)

((nandita.bose@thomsonreuters.com; +12023545868; Reuters Messaging: nandita.bose.reuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • LowZackM
    ·2021-03-22
    What's new this too shall pass
    Reply
    Report
  • tanyboi
    ·2021-03-22
    This, is a comment
    Reply
    Report
  • Ddsl
    ·2021-03-22
    Does not bode well for big tech
    Reply
    Report
  • Alfred1007
    ·2021-03-22
    Doesn't sound good for Big Tech[可憐] [可憐] 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial