US House lays out three potential areas of change to rein in Big Tech
Added 02-25-21 05:11:02pm EST - “The U.S. House antitrust subcommittee met again on Thursday to listen to expert witnesses and consider legislative proposals to "address the rise and abuse of market power online."” - Appleinsider.com
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The U.S. House antitrust subcommittee met again on Thursday to listen to expert witnesses and consider legislative proposals to "address the rise and abuse of market power online."
Thursday's hearing is slated to be the first of several intended to build on a bipartisan investigation carried out by the U.S. House Judiciary subcommittee on antitrust. Unlike the first phase, lawmakers are focused on new regulations and rules in the new series of hearings.
"This problem is a cancer that is metastasizing across our economy and our country. Mark my words. Change is coming. Laws are coming," said Rep. David Cicilline, the subcommittee's chairman.
On Thursday, no specific regulation changes or proposals were made, but the subcommittee laid out three general areas in which Congress could act. Those three areas include the following:
The first two areas of change don't represent a major threat to Big Tech. But at least one witness, Morgan Harper of the American Economic Liberties Project, said that structural separation is the "only way" to properly resolve the antitrust issues in the technology industry, MarketWatch reported.
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