11 Jun, 2021 19:45 am

Congress unveils 5 bipartisan bills that mark its biggest step yet in regulating tech giants like Amazon, Google, Facebook, and Apple

The new antitrust legislation would help block acquisitions of would-be rivals and update filing fees for mergers "for the first time in two decades."

Andrew Harnik/AP p House lawmakers on Friday unveiled five bills designed to rein in big tech companies and loosen their stranglehold on digital industries.Congress has cracked down hard on Big Tech recently, particularly in 2019 and 2020 when it conducted a months-long investigation into the companies over online competition.Lance Gooden of Texas said "big tech has routinely suppressed conservative voices and violated consumers' privacy.Each company was being probed for a different reason: Google for its dominance in online ads and search, Apple over its App Store policies, Amazon over its treatment of third-party sellers, and Facebook over its acquisitions of would-be competitors like Instagram, WhatsApp, and Giphy.

" The four companies are facing antitrust lawsuits from state attorneys general and other government agencies as well - Amazon was just slapped with a case from Washington DC Attorney General Karl Racine in late May, who accused the company of using its monopoly power by requiring its third-party sellers to agree not to offer their products for a lower price on other websites.House lawmakers released a report after its investigation that said the firms have turned into "the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.

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