Klobuchar targets Massive Tech with largest antitrust overhaul in 45 years

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, Massive Tech is as soon as once more in lawmakers’ crosshairs. Not solely are main companies akin to Apple, Amazon, Fb, and Google beneath investigation for allegedly breaking present antitrust legislation, however a newly proposed invoice within the Senate would make it tougher for these and different companies to develop 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 develop into the most important overhaul to US antitrust regulation in no less than 45 years if it grew to become legislation.
“Whereas the USA as soon as had a number of the handiest antitrust legal guidelines on this planet, our economic system at present faces a large competitors downside,” stated Sen. Amy Klobuchar (D-Minn.) when she launched the invoice on Thursday. “We will now not sweep this challenge beneath the rug and hope our present legal guidelines are satisfactory,” Klobuchar added, calling the invoice “step one to overhauling and modernizing our legal guidelines” to guard competitors within the present period.Learn 21 remaining paragraphs | Feedback

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