Finance News

Big Tech Faces Antitrust Crackdown from House Judiciary

Congress will be taking a close look at the power of big tech.

The House Judiciary Committee announced Monday that it will hold a series of hearings as part of a bipartisan investigation into whether there is enough competition among U.S. technology companies.

While no companies were named, any investigation will inevitably touch on Amazon, Facebook, Google and Apple, all of which have come under increased scrutiny in recent years for their dominance in a variety of markets including social networking, online advertising, online search, e-commerce and mobile apps.


“A small number of dominant, unregulated platforms have extraordinary power over commerce, communication, and information online,” the Judiciary Committee noted in a news release that included the names of both Democratic and Republican members. “Based on investigative reporting and oversight by international policymakers and enforcers, there are concerns that these platforms have the incentive and ability to harm the competitive process.”

“The Antitrust Subcommittee will conduct a top-to-bottom review of the market power held by giant tech platforms. This is the first time Congress has undertaken an investigation into this behavior.”


Red State Reignites Redistricting Battle After Trump Lights a Fire Under Republican Leadership
Scott Jennings Delivers Perfect Retort When Asked About FBI Investigating Dems Who Told Military to Ignore Trump
Congress races against 3-week deadline to tackle massive year-end legislative agenda
Top 5 game-changers from the 2025 campaign trail
Swalwell Short-Circuits When Asked if Biological Men Should Stay Out of Women’s Bathrooms
Conservative Gettysburg College group catches student on video tearing down promotional flyers
The Response Was Telling: Scott Jennings Presses Democrat to Name Illegal Order Trump Issued
Chinese cyberattack campaign likely impacted every American, former FBI official says
NYT Says Illegal ‘Borrowed’ Identities from American Citizens to Commit Fraud, Fails to Report Exactly How Stolen IDs Can Be Returned
Male ‘Trans’ TSA Agent Wants to Pat Down Women So Bad He’s Filing a Lawsuit Over it
Massachusetts man accused of beating parents and setting home on fire, leaving them to die
Schumer accuses Trump of pushing US toward ‘foreign war’ with Venezuela
Mass shooting at Stockton, California, banquet hall leaves 4 dead, 10 wounded
Rep Troy Nehls, a Trump ally, will not seek re-election as twin brother announces campaign to replace him
Trump highlights federal law granting presidential power to halt immigration as crackdown escalates
See also  DOGE closes eight months early, but principles remain ‘alive and well’

One area of the investigation is likely to be particularly unwelcome among tech executives: The committee said it would look into whether existing antitrust laws and enforcement levels are adequate to address the growing concentration of power in the tech industry.

“Given the growing tide of concentration and consolidation across our economy, it is vital that we investigate the current state of competition in digital markets and the health of the antitrust laws,” committee Chairman Jerrold Nadler, D-N.Y., said in the announcement.

The news comes just as the federal government has reportedly been preparing to ramp up its antitrust oversight of U.S. tech companies amid growing political pressure that has included increasing scrutiny from both parties.

Google and Amazon declined to comment. Requests for comment from Apple and Facebook were not immediately returned.

Calls to rein in major U.S. tech companies — either by cracking down on how the companies use their power or by breaking them up — began to circulate in recent years among some academics and activists but did not receive mainstream attention until the past year, when elected officials and even some in the tech industry began openly call for action.


Red State Reignites Redistricting Battle After Trump Lights a Fire Under Republican Leadership
Scott Jennings Delivers Perfect Retort When Asked About FBI Investigating Dems Who Told Military to Ignore Trump
Congress races against 3-week deadline to tackle massive year-end legislative agenda
Top 5 game-changers from the 2025 campaign trail
Swalwell Short-Circuits When Asked if Biological Men Should Stay Out of Women’s Bathrooms
Conservative Gettysburg College group catches student on video tearing down promotional flyers
The Response Was Telling: Scott Jennings Presses Democrat to Name Illegal Order Trump Issued
Chinese cyberattack campaign likely impacted every American, former FBI official says
NYT Says Illegal ‘Borrowed’ Identities from American Citizens to Commit Fraud, Fails to Report Exactly How Stolen IDs Can Be Returned
Male ‘Trans’ TSA Agent Wants to Pat Down Women So Bad He’s Filing a Lawsuit Over it
Massachusetts man accused of beating parents and setting home on fire, leaving them to die
Schumer accuses Trump of pushing US toward ‘foreign war’ with Venezuela
Mass shooting at Stockton, California, banquet hall leaves 4 dead, 10 wounded
Rep Troy Nehls, a Trump ally, will not seek re-election as twin brother announces campaign to replace him
Trump highlights federal law granting presidential power to halt immigration as crackdown escalates
See also  ‘Trump will probably come after me again’: Comey reacts to criminal case dismissal

In March, Sen. Elizabeth Warren, D-Mass., publicly called for the break-up of Facebook, Google and Amazon. Since then, other prominent Democrats and even some Republicans have voiced support for either splitting up the major tech companies or taking action to address their power. Sen. Josh Hawley, R-Mo., recently told NBC News that he thought Warren’s plan to break up the companies might not go far enough.

While public sentiment has also turned on some tech companies, Jim Sensenbrenner, R-Wis, the ranking member of the antitrust subcommittee, cautioned against jumping to conclusions.

“As the world becomes more dependent on a digital marketplace, we must discuss how the regulatory framework is built to ensure fairness and competition,” Sensenbrenner said. “I believe these hearings can be informative, but it is important for us to avoid any predetermined conclusions.”

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter