US House Committee Approves Blueprint For Big Tech Crackdown

An anonymous reader quotes a report from The Associated Press: The U.S. House of Representatives Judiciary Committee formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline's office said in a statement on Thursday. With the approval during a marathon, partisan hearing, the more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet's Google, Apple, Amazon and Facebook. The report was approved by a 24-17 vote that split along party lines. The companies have denied any wrongdoing.

Suggested legislation in the report ranged from the aggressive, such as potentially barring companies like Amazon.com from operating the markets in which they also compete, to the less controversial, like increasing the budgets of the agencies that enforce antitrust law -- the Justice Department's Antitrust Division and the Federal Trade Commission. The report also urged Congress to allow antitrust enforcers more leeway in stopping companies from purchasing potential rivals, something that is now difficult.

Read more of this story at Slashdot.