Democrats prepare to launch unprecedented legislative assault on tech companies

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Democrats prepare to launch unprecedented legislative assault on tech companies

Democrats in the House of Representatives are reportedly prepared to unleash an unprecedented legislative assault on the largest tech companies in the country.

A package of five bills could be announced as soon as this week, according to Politico, which cited two people familiar with the discussions, including one measure that could potentially force companies to break off businesses that are perceived to have conflicts of interest.

The legislation is reportedly based on a 2007 House Judiciary Committee report that focused on Amazon, Google, Facebook and Apple. The report identified potentially hostile conducts, like Amazon selling its own products on the market.

According to Politico, the new legislation would allow federal officials to sue companies for breaking up the divisions of interest that exist.

Another section would prevent companies from demonstrating the decentralization of their own products on their platform, according to the publication, while a third would raise scrutiny over mergers and acquisitions.

Another proposed bill would increase filing fees paid to major merger research agencies and the last deals with data transferability and allowing users to transfer information between major platforms.

Fostering healthy competition within the technology sector is a focal point for lawmakers on both sides of the aisle, although there is not always agreement over how to introduce regulation to achieve that goal.

Conservatives have also been concerned about the preservation of free speech in major platforms as content moderation becomes more commonplace and Donald Trump was banned from Twitter and Facebook.

There are numerous ongoing efforts in courts to try to ensure that companies do not engage in monopolistic behavior.

As previously reported by FOX Business, Ohio Attorney General Dave Yost filed a lawsuit this week to classify Google as a public utility in the state due to its Internet search dominance.

The complaint takes issue with the fact that the company is able to promote its own products on its page of results.

This week Google settled an antitrust lawsuit in France and agreed to pay $268 million. It also promised to make it easier for companies to advertise online.

Amazon was sued by the D.C. Attorney General over anti-competitive practices late last month.

In 2020, federal officials were sued by Facebook.

The U.S. Department of Justice sued Google over antitrust concerns in October.

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