- Its 449-page report criticizes these companies for buying competitors, preferencing their own services, and holding outsized power over smaller businesses that use their platforms
- Most broadly, it suggests that Congress define a new standard for antitrust violations, declaring that the laws should be “designed to protect not just consumers, but also workers, entrepreneurs, independent businesses, open markets, a fair economy, and democratic ideals.”
- Rep. Ken Buck (R-CO) circulated an alternative report that described some Democratic proposals as “non-starters for conservatives.” Although there’s bipartisan demand for reducing the power of the biggest tech companies, the committee failed to settle on a single vision of how to move forward.
- It praises the majority for proposing “additional resources and tools” for antitrust regulatory agencies, including changes to the standard for anticompetitive effects, but it breaks with the primary report on a number of issues, like the nondiscrimination rules.
Read full article here : Congress releases blockbuster tech antitrust report