Members of the US Congress have launched five separate loans to try to improve the power of technology companies around the world, under the great threat of Big Tech over the years.
If that can be done, all these ideas could be a major shock to the U.S. publicity law generation, overcoming technological advances that have strengthened Facebook’s digital presence and reduced Apple, Amazon and Google’s ability to use their platforms to enjoy their business.
“In the meantime, the unscrupulous technical regime has more and more power over our economy,” said David Cicilline, Democratic chairman of the antitrust sub-committee at the US House of Representatives, in a bill on Friday.
Major technology companies “have a unique opportunity to choose the winners and losers, destroy small businesses, raise prices for consumers, and lay off people,” he said.
U.S. political leaders have promised for years to create technological barriers, such as digital currency, but have been hampered by a lack of cooperation between the two peoples.
House members have signed up to support the five-point bill, however, including Democrats and Republicans, a sign of resentment against both parties in the global technology industry.
Ken Buck, a senior Republican on a small anti-corruption committee, said: “Apple, Amazon, Facebook and Google have put a lot of emphasis on innovation and have hurt American businesses and consumers in the process.”
The report based on a number of comments made in the 448-page report published by the Cicilline Subcommittee last year, which accused all four companies of abusing their power in the market and following lawsuits filed by the four executives. The report was signed by Democrats, indicating that Republican members of Congress have changed their minds.
More about five bills
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The initial funding stops companies from using their platforms to market their products. Amazon has been criticized mainly for using the market-leading retail space to showcase the company’s products. Last year’s report found that Amazon uses other retailers to help repair and sell its products.
The second would be preventing large modern companies from buying potential competitors. The bill reflects Capitol Hill’s outrage that Facebook was allowed to buy WhatsApp and Instagram, helping to strengthen its power over television.
Third party encourages companies to use their platforms and resources to promote their products. Google, for example, has been accused of using search engines to showcase its products, such as Google Shopping, when these services would not be visible in Google search.
The fourth fund will force companies not to harass customers so they can take their data and history online and move it to another service.
A fifth would result in higher costs in addition to other mergers, in order to provide more funding to the Department of Justice and the Federal Trade Commission to meet the growing demand.
If passed by the House of Representatives, the biggest problem with legislation becoming law would be in the Senate, while Republicans have enough votes to make new laws. Mitch McConnell, president of the Senate Republican, is known to support big business, but did not say much about The Great Way.
Neil Bradley, attorney general at the U.S. Chamber of Commerce, said in a statement: “Investments that focus on other companies, instead of focusing on business, are simply flawed and unfair and may be considered unconstitutional.”
Google declined to comment. Facebook, Apple and Amazon did not respond to requests for comment.
Additional reports by Hannah Murphy, Richard Waters, Dave Lee and Patrick McGee
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