U.S. House lawmakers
today announced sweeping bipartisan antitrust legislation that could result in major changes to the tech industry, impacting companies like Apple, Amazon, Facebook, and Google.
These measures are the culmination of a 16-month antitrust investigation into tech companies practices that
kicked off in 2019, and which saw Apple CEO Tim Cook
testify in an antitrust hearing alongside Alphabet/Google CEO Sundar Pichai, Amazon CEO Jeff Bezos, and Facebook CEO Mark Zuckerberg.
At the conclusion of that hearing, which took place in July 2020, the U.S. House Judiciary Antitrust Subcommittee leading the inquiry
released a 450 page report with recommendations that have turned into the new antitrust bills that were proposed today. The five bills are aimed at Apple, Amazon, Facebook, and Google, with Antitrust Subcommittee Chairman David Cicilline suggesting the legislation will "level the playing field."
Rep. Ken Buck, the lead Republican on the committee, said that the four major tech companies have "harmed American businesses and consumers" by prioritizing "power over innovation."There are five separate bipartisan bills that have been drafted by lawmakers, as outlined below:
Apple's competitors have already been weighing in on the bills. Spotify legal chief Horatio Gutierrez
said in a statement that the American Choice and Innovation Online Act is an "important step in addressing anti-competitive conduct in the App Store ecosystem, and a clear sign that momentum has shifted as the world is waking up to the need to demand fair competition in the App economy."
If ultimately passed, the legislation will overhaul competition laws that have not been revisited for decades, but tech companies will likely fight the bills.
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U.S. Lawmakers Introduce Antitrust Legislation That Could Significantly Impact Apple and Other Tech Companies