US government stands up to Big Tech

Stefan Mileschin · 24th January 2022, 07:11

Senate Judiciary Committee bravely approved anti-trust measures

The US Senate Judiciary Committee on Thursday approved a bill that would bar tech giants like Amazon.com from giving preference to their own businesses on their websites, despite hefty lobbying from top executives like Apple Chief Executive Tim Cook.

The biggest technology companies, including Meta Platforms Inc's Facebook and Apple have been under pressure in Congress because of allegations they abused their outsized market power. A long list of bills is aimed at reining them in, but none have become law.

Lawmakers voted on an amended version of a bill introduced by Senators Amy Klobuchar, a Democrat, and Chuck Grassley, a Republican, that expanded the definition of companies covered by the bill to include firms like the popular video app TikTok and specified that companies were not required to share data with firms that the US government considers national security risks.

But the committee showed the extent of lobbying that has been flung its way in a desperate attempt to get the bill squashed.

https://fudzilla.com/news/54245-us-g...snubs-big-tech

24th January 2022, 07:11	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	US government stands up to Big Tech Senate Judiciary Committee bravely approved anti-trust measures The US Senate Judiciary Committee on Thursday approved a bill that would bar tech giants like Amazon.com from giving preference to their own businesses on their websites, despite hefty lobbying from top executives like Apple Chief Executive Tim Cook. The biggest technology companies, including Meta Platforms Inc's Facebook and Apple have been under pressure in Congress because of allegations they abused their outsized market power. A long list of bills is aimed at reining them in, but none have become law. Lawmakers voted on an amended version of a bill introduced by Senators Amy Klobuchar, a Democrat, and Chuck Grassley, a Republican, that expanded the definition of companies covered by the bill to include firms like the popular video app TikTok and specified that companies were not required to share data with firms that the US government considers national security risks. But the committee showed the extent of lobbying that has been flung its way in a desperate attempt to get the bill squashed. https://fudzilla.com/news/54245-us-g...snubs-big-tech

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