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.”
Trump announces new ‘AI Force,’ vows to protect industry as AI czar announcement nears
LA homelessness fraud cases expose deeper problem than stolen millions, oversight hawk warns
Netflix Won’t Be Faithfully Adapting the Last ‘Narnia’ Book Any Time Soon: The Islamic-Seeming Villains Stage a Religious Takeover – Sound Familiar?
Cuba’s power grid collapses as US embargo pressures regime
Soros Prosecutor Dropped His Gun Charges: 1 Year Later, He Was Charged with Murder
Doxxed Holdout Clancy Juror Moved to Undisclosed Location for His Safety After ‘Black Republican’ Faces Backlash
Data Centers Are About to Burn More US Natural Gas Than Almost Every Country on Earth
Congressman Tom Barrett: ‘Being a socialist should disqualify him for people’s consideration in my district’
Philly serial killer probe could expose larger network behind apparent ‘snuff’ films, expert says
Lawyer says 250-foot Trump arch disrupts historic sightlines cherished by veterans seeking burial at Arlington
Missouri woman federally indicted over chilling death threats sent to Austin Metcalf’s family
Blue States with Powerful Teachers’ Unions Have Far Worse Reading Scores for Students Than Red States with Weak Unions
Republicans fear they have little to offer voters as Congress leaves town
China Throws Its Weight Around in America’s Backyard Over Taiwan Backing
Who is Bert Mizusawa The retired Major General challenging Sen. Mark Warner
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.
Trump announces new ‘AI Force,’ vows to protect industry as AI czar announcement nears
LA homelessness fraud cases expose deeper problem than stolen millions, oversight hawk warns
Netflix Won’t Be Faithfully Adapting the Last ‘Narnia’ Book Any Time Soon: The Islamic-Seeming Villains Stage a Religious Takeover – Sound Familiar?
Cuba’s power grid collapses as US embargo pressures regime
Soros Prosecutor Dropped His Gun Charges: 1 Year Later, He Was Charged with Murder
Doxxed Holdout Clancy Juror Moved to Undisclosed Location for His Safety After ‘Black Republican’ Faces Backlash
Data Centers Are About to Burn More US Natural Gas Than Almost Every Country on Earth
Congressman Tom Barrett: ‘Being a socialist should disqualify him for people’s consideration in my district’
Philly serial killer probe could expose larger network behind apparent ‘snuff’ films, expert says
Lawyer says 250-foot Trump arch disrupts historic sightlines cherished by veterans seeking burial at Arlington
Missouri woman federally indicted over chilling death threats sent to Austin Metcalf’s family
Blue States with Powerful Teachers’ Unions Have Far Worse Reading Scores for Students Than Red States with Weak Unions
Republicans fear they have little to offer voters as Congress leaves town
China Throws Its Weight Around in America’s Backyard Over Taiwan Backing
Who is Bert Mizusawa The retired Major General challenging Sen. Mark Warner
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.
