Enlarge / Sen. Amy Klobuchar (D-MN), throughout a Senate Commerce, Science, and Transportation Committee listening to on Jan. 21, 2021. (credit score: Stefani Reynolds – pool | Getty Photographs)
With a brand new session of Congress underway and a brand new administration within the White Home, Huge Tech is as soon as once more in lawmakers’ crosshairs. Not solely are main companies akin to Apple, Amazon, Fb, and Google below investigation for allegedly breaking current antitrust legislation, however a newly proposed invoice within the Senate would make it tougher for these and different companies to change into so troublingly massive within the first place.
The invoice (PDF), known as the Competitors and Antitrust Legislation Enforcement Reform Act (CALERA for brief, which remains to be awkward) would change into the most important overhaul to US antitrust regulation in not less than 45 years if it grew to become legislation.
“Whereas america as soon as had a few of the only antitrust legal guidelines on the planet, our financial system as we speak faces a large competitors downside,” mentioned Sen. Amy Klobuchar (D-Minn.) when she launched the invoice on Thursday. “We will not sweep this situation below the rug and hope our current legal guidelines are ample,” Klobuchar added, calling the invoice “step one to overhauling and modernizing our legal guidelines” to guard competitors within the present period.
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